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Russia provides 500 million dollar loan to Serbia

April 10, 2013, 14:52 UTC+3

The first tranche of the loan (300 million dollars) “might be allocated to Serbia just today”, Russian Finance Minister Anton Siluanov said

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GORKI, April 10 (Itar-Tass) - Russia has provided a 500-million dollar state loan to Serbia.

An agreement to this effect was signed at the presence of Russian Prime Minister Dmitry Medvedev and his Serbian counterpart Ivica Dacic on Wednesday.

The document was signed by Russian Finance Minister Anton Siluanov and Serbian Minister of Finance and Economy Mladjan Dinkic.

Siluanov said the first tranche of the loan (300 million dollars) “might be allocated to Serbia just today”. The loan is being provided for 10 years at 3.5 percent. “We have means in the budget and we’ll sign and finalize the agreement,” the Russian minister explained.

Commenting on the second tranche (200 million dollars), Siluanov said, “There is a condition: it is necessary to conclude a stabilization agreement with the IMF. After this happens we’ll provide the tranche.”

At the meeting with the Russian prime minister, Dacic said he is grateful for signing several bilateral agreements, including a document on providing the loan.

Medvedev stressed that the talks would be aimed at making partnership between Russia and Serbia “effective and mutually advantageous”. “We’ll devote our talks to this,” the Russian prime minister added.

He said Russia and Serbia “are real privileged partners”. At the same time, Medvedev stressed that regular meetings were indispensable.

A big package of documents will be concluded after the talks, the Russian prime minister added.

For his part, Dacic praised friendly relations between the two countries. “We are friends and the Serbian people are grateful for support that Russia provides to the country,” he said.

The Serbian leadership seeks to strengthen cooperation with Russia. “Till now all was done in the energy sector had a positive impact on the Serbian economy,” the prime minister said.


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