Belarus says Russia promises new loans of over $1 billion
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. ■