OREANDA-NEWS. August 23, 2007. This year Belarus plans to place its bonds in the Russian market, Finance Minister of Belarus Nikolai Korbut has told reporters, reported the Official website http://www.government.by.

The Russian bank VTB is expected to issue the bond loan. According to Nikolai Korbut, Belarus and VTB bank have been actively negotiating the issue.

Belarus is expected to place RUR 10 billion worth of bonds in the Russian market.

As the Finance Minister explained, at present Belarus has been following interstate procedures to obtain documents necessary for placing the bonds.

In 2008 Belarus will be able to float Eurobonds as well, said Nikolai Korbut. “Next year Belarus will be financing its budget deficit mainly through attracting external resources including through placing bonds,” he underscored.