Photo: Victor Tolochko / RIA Novosti
The Finance Minister of Belarus Maxim Ermolovich said that with the involvement of the Russian state credit of $ 600 million have problems, BelTA reports.
“In fact it turns out that there’s problems with the involvement of the Russian loan of $ 600 million and tranche of IFRS (Eurasian Fund for stabilization and development, ed. “Of the tape.ru”), 200 million dollars is stuck for some reason the solution, although Belarus has fulfilled all the conditions,” said Ermolovich.
For these funds, the budget surplus of $ 700 million and borrowings on the domestic market of Belarus planned to repay external obligations.
However, due to the issues with tranches Minsk began to consider alternative ways of borrowing. In the domestic market has attracted $ 500 million through bond issues denominated in U.S. currency and the Euro. It is also planned to replace part of the Russian sources on the Chinese market: a preliminary agreement was reached with the development Bank of China to attract 3.5 billion yuan (500 million dollars).
Video, photo All from Russia.