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Putin gives Lukashenko $19 million

Christian Fernsby |
In the next two years, Belarus will be able to not pay Russia $906 million in installments for the loan provided for the construction of the Belarusian nuclear power plant.

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According to Interfax, the relevant protocol was ratified by the Russian Federation Council.

Under the new terms, Minsk's payments to Russia will be reduced by 3.5 times, to 370.8 million dollars.

The Belarusian government is allowed to repay the deferred amount over 14 years, from 2023 to 2037.

At the same time, the Kremlin will simply give part of the loan to Lukashenko by lowering the interest rate.

"The total amount of revenue to the federal budget under the agreement will be reduced by $19.3 million to $7.927 billion," reads the protocol’s addendum.

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