ST. SAINT PETERSBURG, July 13. / TASS /. Despite the difficulties that arise, Belarus is striving to fulfill its obligations on loans and will do so at any cost, President of the Republic Alexander Lukashenko said at a meeting with Russian leader Vladimir Putin in St. Petersburg.
“Financially, it has always been difficult for us – you understand why. Russia supported us in every possible way, but we sacredly try to fulfill our obligations on the loans provided to us, and we will fulfill them, no matter what it costs us, “he said.
Lukashenko added that the Belarusian economy is “very seriously tied” to the Russian one, since Minsk and Moscow maintain many cooperative relations.
In turn, Putin noted that, despite such external factors as the coronavirus pandemic and Western sanctions, Minsk serves all its loans and in this sense is a reliable and stable partner.
In December last year, Russian Prime Minister Mikhail Mishustin signed an order to provide Belarus with an interstate loan in the amount of $ 1 billion. It is provided in two tranches of $ 500 million each in 2020 and 2021. On December 30, 2020, Belarus received the funds of the first tranche, on June 2 it became known about the transfer of the second tranche.
On October 16 last year, Belarus also received a $ 500 million loan from the Eurasian Fund for Stabilization and Development for up to 10 years. The Belarusian authorities said the loan was used to pay off debt for Russian gas and fight COVID-19. It was also reported that part of the funds raised will be used to refinance previously issued loans.
On May 13, Lukashenko signed a decree “On attracting external government loans”. According to this resolution, the Council of Ministers will place government bonds in Russia in 2021-2023 in the amount of up to 100 billion Russian rubles ($ 1.3 billion) with a maturity of at least 1,092 days. It was reported that the decree on the placement of bonds in Russia for 100 billion Russian rubles was issued with the aim of refinancing the external public debt.