Russia allows Belarus to pay

Russia allows Belarus to pay
Tags: Photo source:

The Government of the Russian Federation has signed an agreement on credit to Belarus which, in particular, changes the terms and conditions of repayments. As specified in materials published on the official portal of legal information, it concerns the agreement between the Government of the Russian Federation and Belarus on granting credit of $1.55 billion, as concluded on January 31st, 2014. Repayment conditions have been changed thus: "The Belarusian party is to repay the credit sum in 14 equal semi-annual shares on January 15th and on July 15th every year, and the first payment will be made on January 15th, 2017". But most importantly, the Office of the ministry of the Russian Federation considers it expedient to exclude from the document a clause that Belarus will pay the loan in US dollars.