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RF to provide 2nd tranche of loan to Serbia – Putin

Russia will provide the second tranche of a loan of the amount of 800 million U.S. dollars to Serbia

Photo ITAR-TASS

Photo ITAR-TASS

MOSCOW, May 26 (Itar-Tass) — Russia will provide the second tranche of a loan of the amount of 800 million U.S. dollars to Serbia, President Vladimir Putin said.

After a meeting with Serbian President-elect Tomislav Nicolic on Saturday, Putin said, “In 2010 we provided a loan at the amount of 200 million U.S. dollars to Serbia. Now we are ready to allocate the second tranche of 800 million U.S. dollars.”

“The loan will be provided for the development of the infrastructure. Russia is ready to implement projects in this field,” the Russian president said.

Putin noted that Russia waited for a concrete feasibility study from partners. He urged Nicolic “to give a corresponding impetus to newly created executive structures”.

Nicolic assured Putin that he would do his best to work out goods projects by using Russia’s loan.

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