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Medvedev signs order on loan of $450 million to Belarus

January 02, 2014, 10:51 UTC+3 MOSCOW

The loan’s interest rate is four percent per annum

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© ITAR-TASS/Dmitry Astakhov

MOSCOW, January 02, 9:52 /ITAR-TASS/. Russia’s Prime Minister Dmitry Medvedev signed an order to ink an agreement between the governments of Russia and Belarus on a state financial loan to the Republic of Belarus.

The order says Russia’s ministries of finance and of foreign affairs should have negotiations with the Belarusian side, and following the talks should sign the agreement on behalf of the Russian government. The order is published on the site of the government’s legal information.

The document reads Russia will allocate to Belarus within 2014 a state financial loan of 450 million dollars under obligations to pay for the interest and to settle the basic debt of Russia’s earlier leans and the loans from the EurAsEC Anti-Crisis Fund. The Belarusian side will settle the used loan by 14 transfers every six months - on January 15 and on July 15, where the first payment is due on January 15, 2017. The loan’s interest rate is four percent per annum.

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