Loan from Russia

01, Sep 2014 / BELARUS;Russia / 78 Words

Keesing’s Record of World Events (Formerly Keesing’s Contemporary Archives 1931-2014)
Volume 60 (2014), Issue No. 9 (September), Page 53593

It was announced on Sept. 16 that Russian and Belarusian officials had agreed on the terms of a US$1.55 billion state loan from Russia to Belarus. The loan, which would allow Belarus to service its state debt and to replenish its depleted gold and foreign exchange reserves, was made conditional upon Belarus repaying previous loans from Russia and the “anti-crisis fund” of the Eurasian Economic Community (EurAsEC) [see p. 50531]. Repayment instalments were scheduled to begin in 2019.