Russia to provide Belarus with up to $2 billion in borrowings - Putin


  • World
  • Wednesday, 25 Dec 2013

MOSCOW (Reuters) - Russia is to provide Belarus with up to $2 billion in additional borrowings in 2014, Russian President Vladimir Putin said on Wednesday.

Belarus, Russia's staunchest ally among the former Soviet republics, was forced to devalue its rouble by 65 percent against the dollar in 2011 in order to curb current account deficit brought on by excessive government spending.

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