Russia to extend $2bn stabilisation loan to Belarus
21 October 2008
Russia will extend a $2bn stabilisation loan to Belarus, Finance Minister Alexei Kudrin said October 21, inform the news agencies.
“Last week Russia took a decision to extend a $2bn loan to the Republic of Belarus,” he said. The funds will be transferred in two tranches. $1 billion will be given this year, another $1 billion in 2009,” he said.
Finance Minister of Belarus Andrei Kharkovets is in Moscow for a meeting of the finance ministers of the CIS member states, BelTA learnt from the Finance Ministry of Belarus.
A reminder, in 2007 Russia gave a $1.5bn stabilisation loan to Belarus for 15 years under the rate LIBOR +0.75% with a five-year delay on the principal payment.
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