Belarus extends maturity of the loans for the Belarusian goods purchase to non-resident banks maximum for five years. The corresponding resolution is contained in a decree of the Belarusian President Alexander № 497 of September 27, 2010.
In addition, the decree implies the introduction of benefits for the Customs Union organizations for the refinancing of the costs incurred by leasing companies, PRIME-TASS.
In accordance with the document, refinancing means reimbursement to the borrower (leasing companies) the funds, spent on the acquisition of Belarusian goods in Russia and Kazakhstan, in order to transfer them to the lessee — to non-residents of Belarus.
As stated in the decree of the President, these benefits are introduced for the «further development of trade and economic cooperation with countries free from customs control and customs clearance, and also for creating the conditions for marketing in these countries the goods, produced in Belarus.»
