"I think these are sanctions that will hurt. And I hope they hurt so much that they bring the regime to its knees," said Luxembourg's Foreign Minister Jean Asselborn.
The award for the Sakharov Prize for Freedom of Thought cites the democratic opposition in Belarus as well as civil society activists, and includes exiled opposition leader Svetlana Tikhanovskaya.
Opposition leader Svetlana Tikhanovskaya called on her fellow Belarusians not to be intimidated: "Remember, together we are strong," she said in a video message from Lithuania.
The Interior Ministry said more than 140 people had been arrested in Minsk alone by the afternoon.
Lukashenko's spokeswoman published a photo showing the head of state defiantly holding a…
Lukashenko has described the protesters as "sheep" being led by foreign influencers.
The European Council has scheduled an emergency leaders summit on Wednesday to discuss the crisis.
Criminal charges would be filed Monday over the deaths of two protesters and the violent response of police and the security forces against protesters and prisoners.
Lithuania will relax its entry restrictions for Belarusians, as the country is gripped by protests over its disputed presidential elections and violent crackdowns by police.