POST Online Media Lite Edition



 

Belarus says Russia promises new loans of over $1 billion

Staff Writer |
Moscow has promised over $1 billion in loans for Belarus after last week's talks between the leaders of two countries, Belarusian Deputy Prime Minister Vladimir Semashko told the local ONT TV station.

Article continues below






Moscow could also help Belarus tap into an additional $600 million from the Russia-led Eurasian Fund for Stabilization and Development, Semashko said.

Last week, at a meeting in St Petersburg between Russian President Vladimir Putin and Belarussian leader Alexander Lukashenko, Russia agreed to refinance Belarus' debt while Belarus will pay back more than $720 million in arrears for gas supplies.

According to Russian Deputy Prime Minister Arkady Dvorkovich, Russia will also renew oil supplies to Belarus of 24 million tonnes a year and Russia's Gazprom will give Belarus discounts on gas supplies in 2018 and 2019.


What to read next

Belarus will go to court in oil and gas dispute with Russia
Belarusian Finance Ministry working on borrowing $700m from Russia
Russia and Belarus reach compromise on gas price