BELARUS NEWS AND ANALYSIS

DATE:

10/06/2008

Belarus hopes to get 2-billion-dollar loan from Russia

MINSK June 10 (Itar-Tass) -- Belarus hopes to get a Russian loan of 2 billion dollars this year, First Deputy Finance Minister Andrei Kharkovets said on Tuesday.

"We have held negotiations since the beginning of the year. The talks are now focused on evaluating our ability to draw and repay the Russian loan," he told the media.

About the likely terms on which the loan could be taken, Kharkovets said "we have not had more favorable conditions for a long-term loan so far."

The Belarussian finance minister said this very effective resource would be used for financing foreign trade settlements in the first place.

About a likely date when the loan may become available, Kharkovets told Itar-Tass the Belarussian side would seek early agreement with the Russian partners to have the loan before the year is out.

Source:

http://www.itar-tass.com/eng/level2.html?NewsID=12767674&PageNum=0

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