Russia's Central Bank Approved Bailout Details to Belarus

19.05.2011 13:19
Архив Редакция

Russia approved all the technical details of financial assistance to Belarus and can make an official statement on Thursday, May 19 in Minsk, which will host the CIS countries leaders. This was told by the deputy chairman of Russia's Central Bank, Sergei Shvetsov. "The agreement in almost all areas has already been reached," he said.

«I think we’ll hear good news about the possible bailout to the Belarusian central bank on May 19,» Bloomberg.com quoted the Russian Central Bank Deputy Chairman.

«The Central Bank of Belarus will also have to take some steps aimed at stabilizing the situation, said Sergei Shvetsov. — Some of them may not please the people, but this sacrifice is necessary for the situation to improve, not to worsen.»

As Telegraf previously reported, the president of Belarus Alexander Lukashenko said on May 17 that Moscow was ready to open $6 billion credit line to Minsk. «I’ve just spoken to Russian President Dmitry Medvedev. He’s called me. We are negotiating with the Russian Federation on a stabilization loan to bolster the Belarusian ruble,» said the head of state.

In addition, according to the Prime Minister of Belarus Mikhail Miasnikovich, Russia and Belarus have agreed on $ 3-3.5 billion loan. «We’ve actually completed the process of negotiations with the Russian Federation. In principle, all issues have been resolved. And now the Finance Minister of Belarus Andrei Kharkovets and Russian Finance Minister Alexei Kudrin are discussing the final matrix,» said the Prime Minister of Belarus.

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