Belarus asks Russia for $1 billion to repay debts
The Belarusian government is asking Russia for a loan of $1 billion in order to repay its foreign debt obligations. As reported by TASS, this was announced on Wednesday by Belarusian First Deputy Prime Minister Vasily Matyushevsky.
Matyushevsky says that in 2019, Minsk will have to pay foreign creditors $3.7 billion, despite the fact that at the end of last year, the country’s central bank had only $8 billion in reserves.
The Belarusian government intends to refinance half of this debt, and to repay the other half with the help of Russian money, the diplomat explained, noting that “issues” are currently being …read more