Fri, 27/06/2014 - 19:03
MINSK, 27 June (BelTA) – The $2 billion Russian bridge loan will be used to replenish Belarus' gold and foreign exchange reserves, the press service of the Belarus government told BelTA.
The source said that the money envisaged by the agreement between the Belarus government and VTB Bank had been received by the central state budget. This credit agreement has been signed for the sake of replenishing the country's gold and foreign exchange reserves.
BelTA reported earlier that the agreement to lend $2 billion to Belarus in May for the sake of replenishing the gold and foreign exchange reserves was reached during the working visit of Belarus President Alexander Lukashenko to Russia in early May 2014 where the Belarusian head of state held negotiations with Russia's leadership.
The loan was granted by the Russian bank in the evening of 26 June. Belarus received $440 million as a Russian loan in late 2013.
source: http://eng.belta.by/all_news/economics/Russian-bridge-loan-to-replenish-Belarus-gold-forex-reserves_i_74066.html
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