BELARUS NEWS AND ANALYSIS

DATE:

25/03/2011

Belarus hopeful about Moscow loan

Belarusian officials discussing a $1 billion loan from Russia are optimistic following a round of talks, Belarusian Deputy Prime Minister Sergei Rumas said on Friday.

In a bid to stave off a sharp devaluation of the national currency, Belarus requested a $1 billion loan from the Russian government and a $2 billion loan from the anti-crisis fund of the Eurasian Economic Community (Eurasec), an economic grouping of ex-Soviet states.

"The negotiators returned with optimism," Rumas said. "I think everything will be fine."

The country's gold and currency reserves fell 20% in the first two months of the year, reaching $4.02 billion in late February, the Belarusian Central Bank said on its website. On March 22, the Central Bank restricted sales of foreign currency to banks.

MINSK, March 25 (RIA Novosti)

Source:

http://en.rian.ru/world/20110325/163202621.html


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