OREANDA-NEWS. The government of the Russian Federation has approved an agreement on a 1 billion US dollars loan to the Republic of Belarus. The order on this is published on the Russian official Internet portal of legal information.

“To approve the draft agreement between the Government of the Russian Federation and the Government of the Republic of Belarus on the provision of a state financial loan to the Government of the Republic of Belarus, submitted by the Ministry of Finance of Russia, agreed with the Ministry of Foreign Affairs of Russia, the Ministry of Economic Development of Russia and the state corporation VEB.RF,” the document reads.

In September, Russian President Vladimir Putin, during a meeting with his Belarusian counterpart Alexander Lukashenko, announced that Moscow would provide a state loan of 1.5 billion dollars to Minsk. After that, the Kremlin administration informed that part of the loan was intended to refinance the previous debts to the Russian Federation.