The Belarusian authorities expect the receipt of a financial loan to Russia for $ 1.5 billion in a short time, said Deputy Minister of Finance of the republic Andrei Belkovets. “It is expected that we will reach an agreement and receive these funds ($ 1.5 billion) promptly. In a short time we will be able to place these funds in the accounts of the Ministry of Finance,” Belkovets said on the air of the Cbonds online project.
The Deputy Minister noted that earlier a loan from the Russian Federation in such volumes was not planned or discussed. The request was connected with a sharp reduction in the gold and foreign exchange reserves of Belarus in August due to the jump in demand for foreign currency from the population and companies during the “protest” August. “In August, there was a negative situation – there was an outflow of gold and foreign exchange reserves (by $ 1.4 billion per month – IF), which was caused by significant volumes of foreign currency purchases by the population and enterprises,” Belkovets said.
“The negative dynamics in gold and foreign exchange reserves pushed us to communicate with Russian partners. First of all, the funds from the Russian loan will be used to maintain gold and foreign exchange reserves, which have dropped noticeably,” he added.
On the eve, Russian President Vladimir Putin, during negotiations with Belarusian President Alexander Lukashenko in Sochi, said that the Russian Federation would provide Belarus with a state loan of $ 1.5 billion.
“Recently, the Prime Minister of the Russian Federation Mikhail Mishustin was on a visit to Belarus. I know that he held very serious big negotiations, and they were successful in all areas of our interaction. By the way, including in the financial sphere. We agreed on that. that Russia will provide Belarus with a $ 1.5 billion state loan at this difficult moment, “Putin said.
“And we will fulfill this, now, as far as we know, our finance ministers are working on this at a professional level,” the Russian president said.
A spokesman for the Russian leader, Dmitry Peskov, later said that part of the new loan to Belarus would be used to refinance previously provided loan funds.