Lukashenko to Putin: Belarus will meet its loan obligations – Russian Politics & Diplomacy

ST. PETERSBURG, July 13 / TASS /. Belarus is trying to meet its credit obligations despite the emerging difficulties and will do so at all costs, said President of the Republic Alexander Lukashenko at a meeting with Russian leader Vladimir Putin in St. Petersburg.

“Financially, it has always been difficult for us – you understand why. Russia has given us a lot of support, but we are sacredly trying to meet our obligations under the loans granted to us, and we will meet them no matter what it costs us.” ,” he said.

Lukashenko added that the Belarusian economy is “very closely tied to the Russian economy” as Minsk and Moscow have many cooperative relationships.

Putin, in turn, noted that, despite external factors such as the coronavirus pandemic and Western sanctions, Minsk is servicing all of its loans and in this sense is a reliable and stable partner.

In December last year, Russian Prime Minister Mikhail Mishustin signed an order to provide Belarus with an intergovernmental loan of US $ 1 billion. It will be made available in two tranches of $ 500 million each in 2020 and 2021. Belarus received the funds for the first tranche on December 30, 2020, and it was announced on June 2 that the second tranche had been transferred.

On October 16 last year, Belarus also received a $ 500 million loan from the Eurasian Stabilization and Development Fund with a term of up to 10 years. The Belarusian authorities reported that the loan was used to pay off debts for Russian gas and to fight COVID-19. It has also been reported that some of the funds raised will be used to refinance loans that have already been granted.

On May 13, Lukashenko signed a decree “On Taking External State Loans”. According to this, the Council of Ministers in Russia is to place government bonds of up to 100 billion Russian rubles (1.3 billion USD) with a term of at least 1,092 days in the years 2021-2023. It was reported that the decree on the placement of bonds in Russia for 100 billion Russian rubles was issued to refinance the foreign debt.

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