Belarusian Ministry of Finance in expectation of Russian loan

In the near future Belarus expects a loan from Russia to replenish its gold and currency reserves.

In the coming days Belarus expects to receive the rest of the loan from the Russian Federation for backing up the gold and currency reserve, the press-service of the Ministry of Finance reports. On May 8 Alyaksandr Lukashenka and Vladimir Putin agreed on a $2 bn loan to Belarus until the end of this month. The first part of the Russian loan was received by Belarus in the end of December.

On May 9 Lukashenka stated that he would not stonewall signing the treaty on the EAEU, BelaPAN writes.

We remind that Putin and Lukashenka agreed upon the loan of $2 bn for Belarus in 2014 at the session of the Supreme State Soviet of the “union state” on December 25 last year. On the next day after signing the Kremlin approved the intergovernmental agreement on issuing a state loan of $450 mln to Minsk at 4% per cent per annum for the term of 10 years.