Putin agrees to provide Belarus with $1.5 billion loan

Source : 112 Ukraine

Krellim expects that this money will not suffer the same fate as the Ukrainian Eurobonds issued back in 2013
10:41, 15 September 2020

President of the Russian Federation Vladimir Putin and Belarusian President Alexander Lukashenko
RIA Novosti

President of the Russian Federation Vladimir Putin has approved the allocation of 1,5 billion dollars in loan to Belarus. Putin made this statement during his talks with Belarusian President Alexander Lukashenko in Sochi, the Kremlin's press service reports.

"We have agreed that Russia will provide Belarus with a $1.5 billion state loan at this difficult time, and we will do that. As far as I know, our finance ministers are working on this issue at a professional level," Putin stated.

After the talks between the leaders of the two countries ended, the press secretary of the Russian President Dmitry Peskov said that part of the money would be used to refinance previously granted loans, BelTA reports.

Related: Will Belarus follow Ukraine out of the Russian orbit?

He noted that Russia did not lend money to President Alexander Lukashenko, but to Belarusians as a "great ally" and a "brotherly country."

As we reported earlier, Vladimir Putin recognized the presidential elections in Belarus and called them valid.

We proceed from the assumption that the elections took place. I did it right away. We recognized their legitimacy. I congratulated Alexander Lukashenko on his victory in these elections,” the statement said.

Related: Zelensky predicts possible development of situation in Belarus


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