Shiveluch volcano in Russia’s Far East spews ash to 11 km in airWorld December 10, 5:28
Ceasefire agreements enter into force near Damascus, in Idlib province ― mediaWorld December 10, 4:18
Russian pair Tarasova/Morozov win final of ISU Grand Prix of Figure Skating in MarseillesSport December 10, 4:00
Matviyenko to visit UAE to participate in Forum of Women Speakers of ParliamentRussian Politics & Diplomacy December 10, 3:21
Doping samples of all athletes from past three Olympics should be re-analyzed ― lawmakerSport December 10, 2:01
Russia’s figure skater Medvedeva leads with world record after SP at Grand Prix finalsSport December 10, 1:28
Russian energy minister expects OPEC, non member countries to sign agreement on oil outputBusiness & Economy December 10, 0:46
40 ceasefire violations reported in Syria in past day ― Russian reconciliation centerWorld December 10, 0:02
Russia open for cooperation with IOC, WADA ― ROC presidentSport December 09, 23:44
MOSCOW, January 11 (Itar-Tass) — Russia will grant a state export credit worth 800 million U.S. dollars to Serbia. Russian Finance Minister Anton Siluanov and Serbian Minister of Finance and Economy Mladjan Dinkic put their signatures to the relevant document on Friday.
Serbia plans to spend the loan for railway modernisation. The credit was granted for five years under 4.1 percent per annum. Russia’s state corporation “The Bank for Development and Foreign Economic Affairs (Vnesheconombank)” and the National Bank of Serbia are the authorised banks for the control over the credit use, repayment and service.
Belgrade turned to Moscow for a credit worth one billion U.S. dollars in 2008. The first 200-million U.S. dollars tranche was granted in 2010 in order to cover Serbia’s budget deficit. The remaining funds are designated exclusively for infrastructure projects after the submitting of their feasibility studies by the republic. It took almost two years to complete drafting of the documentations. The documents were ready by the end of 2012.