Moscow considering issue of providing $1 bln interstate credit to Belarus

Moscow is considering the issue of providing an interstate credit in the amount of up to $1 billion to Minsk in order to help prop up the country’s budget and the balance of payments, Russia’s Finance Minister Anton Siluanov said on April 11.

"Presidents have had a meeting focused on financial cooperation and lending issues. We’re currently considering the issue (of providing a loan to Belarus - TASS)," he said, adding that the issue is about "an interstate credit to support the budget and balance of payments (of Belarus) in the amount of up to $1 billion."

After the meeting of Presidents of Russia and Belarus, Vladimir Putin and Alexander Lukashenko, in St. Petersburg on April 3 it was announced that the talks had not effected the desired result regarding the problematic issues but the sides managed to reach a certain compromise.

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