banner1 banner1 banner1

27.06.2014

VTB Bank provides $2bn bridge loan to Belarus

14:16, — Economics

VTB Bank provides $2bn bridge loan to Belarus

Russian bank VTB gave Belarus the promised bridge loan of $2 billion for the country's gold and foreign currency reserves.

VTB Group has signed an agreement with the Government of Belarus to provide a short-term loan of $2 billion as the parties continue to develop their working relationship, the bank's press service informs.

The short-term loan (for a period of up to six months) was given to the country as Russia carries out the procedures to issue a $2bn loan to Belarus.

VTB Bank gave Belarus a $450mn bridge loan in December 2013. Belarus was to pay it until the end of June. It can explain why VTB Bank agreed in June to provide 2 billion dollars despite the May arrangements to issue $1 billion.

Technically, VTB Bank can transfer 1.5 billion dollars to Belarus.

It's worth noting that the Russian bank does not comment on the December bridge loan.


Write your comment (0)


Export



Belarusian Weather Forecast

   29.11   30.11 
Brest +2
-1
+2
-1
Vicebsk  0
-3
 0
-3
Homel +4
-4
+4
-4
Hrodna   +1
-2
  +1
-2
Minsk  +1
-2
 +1
-2
Mahiliou +2
-4
+2
-4

Exchange Rates of the National Bank

29.11.1430.11.14
EUR13470,0013470,00
USD10810,0010810,00
RUB220,00220,00

Opinion


Shifts in market to shift power

Shifts in market to shift power

Ales Charniakovich

Youve taken the right way, comrades!

Youve taken the right way, comrades!

Valiantsin Stefanovich

Is it not the late 30s?

Is it not the late 30s?

Tatstsyana Novikava

In everyones memory

In everyones memory

Irina Khalip

Lukashenka is another Girkin

Lukashenka is another Girkin

Natallya Radzina



Yesterday's statistics:

unique visitors 326632
pageviews 1901957

Sun Mon Tue Wed Thu Fri Sat
1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30

Old site version

Subscribe in English

Enter your email address: