BELARUS NEWS AND ANALYSIS

DATE:

28/11/2008

Belarus expects 2nd $1 bln installment of Russian loan in Feb.

MINSK, November 28 (RIA Novosti) - Minsk is expecting Russia to transfer the second $1 billion installment of a Russian loan to the country in February, Belarusian Deputy Prime Minister Andrei Kobyakov said on Friday.

"We recently received the first $1 billion tranche of a Russian loan, and there are prospects of receiving another $1 billion in February," Kobyakov said.

Russia issued Belarus a 15-year state loan at LIBOR +3% on November 18.

Last year Moscow granted Minsk a loan of $1.5 billion to be repaid over 15 years.

Source:

http://en.rian.ru/world/20081128/118595511.html

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