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Russia to refinance 750-800 mln USD of Belarus' debt

Xinhua, April 4, 2017 Adjust font size:

Belarusian Vice Prime Minister Vasily Matyushevsky on Tuesday said that Russia will refinance the debt of Belarus in the amount of 750-800 million U.S. dollars.

Commenting on the results of the talks between the presidents of Belarus and Russia, held in Saint Petersburg on April 3, the Vice Prime Minister said the states made a conclusive decision on the possible refinancing of the current debt of Belarus.

"We are talking about refinancing the debt that we have to pay as part of our interstate loans in the current year," the First Deputy Prime Minister specified.

The official also said Vladimir Putin promised to influence on the Eurasian Fund for Stabilization and Development (EFSD), which is in no hurry to issue the third tranche of the loan to Belarus.

In 2015, Belarus applied for 3 billion dollars of EFSD's financial credit, but its amount agreed was 1 billion U.S. dollars less. The loan must be granted in seven tranches during the 2016-2018 period. Two tranches of the loan have been already transferred to Belarus. Endit