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Russian state-owned bank invests over $100m in Belarusian real estate

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Russian state-owned bank invests over $100m in Belarusian real estate

Sberbank, a Russian state-owned financial institution, intends to invest over $100 million in real property items in the Republic of Belarus, Chairman of Sberbank's Board, Herman Gref, announced following a meeting with the President of Belarus, Alexander Lukashenko.

“Today we discussed and found appropriate approach to solving practically all problems emerged within those complicated projects, which we had been funding,” BelTA cites Herman Gref.
Chairman of Board of Directors noted that Sberbank and the Belarusian party agreed on the ways of the bank's participation in additional funding of complicated projects, which are planned to be implemented on the market over the course of the near two years and which require support on the part of Belarusian authorities.

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