Belarus Asked Russia for a Loan to Cover the Debt of $ 600 million
OREANDA-NEWS Minsk appealed to Moscow to issue a loan to refinance the debt for $600 million, said the head of the Ministry of Finance of Belarus Maxim Ermolovich, BelTA reports.
"It is in our agreements was to refinance the entire amount of the loan payments of the government of Russia in 2019. The volume of these payments is $600 million," he said.
According to him, the implementation of these plans requires only the decision of the Russian government, which must approve the loan. Yermolovich added that the funds for the loan were provided by the Russian budget for 2019.
In October 2018, the head of the Ministry of Finance and first Deputy Prime Minister Anton Siluanov said that Moscow will consider a loan to refinance the debt of Belarus in 2019.the Debt is about $630 million, he said. According to Siluanov, Minsk asked for a loan of $1 billion, this amount includes all debts to Russia and the Eurasian Fund for Stabilization and Development (EFSD).
Belarus received a loan from Russia in September 2017. It amounted to $ 700 million it was provided for a period of ten years to repay previously issued Russian loans. The order of Prime Minister Dmitry Medvedev said that the funds are allocated "in order to further strengthen friendly relations" and to repay loans that were issued earlier.
In mid-May of 2018, the debt of Minsk for Moscow issued loans amounted to $6.3 billion and 60 billion rubles. While overdue obligations to Russia Belarus has not.
In mid-October, the Head of the Ministry of Finance of Russia Anton Siluanov said that the Ministry will consider in 2019 the issue of granting a loan to Belarus, which will go to refinance the debt to Moscow. According to Siluanov, the loan amount will be about $630 million Initially, Minsk asked for a loan of $1 billion.