Russia approves $1 billion loan for Belarus
The Russian Cabinet has approved a draft agreement on a $1 billion loan for Belarus. This was stated in an order signed by Russian Prime Minister Mikhail Mishustin on Thursday, December 17.
Moscow will provide the loan to Minsk in two $500-million tranches in 2020 and 2021.
During a meeting with Belarusian President Alexander Lukashenko in Sochi in September, Russian President Vladimir Putin promised to issue a $1.5 billion loan to Belarus.
Later, Russian Finance Minister Anton Siluanov explained that Belarus would receive a $1 billion from Russia and an additional $500 million from the Eurasian Fund for Stabilization and Development (EFSD).
In mid-December, Lukashenko said that Belarus had paid Gazprom $200 million through the loan from the EFSD.