Russia will send Belarus first $1 billion of loan by year's end


  • World
  • Thursday, 17 Sep 2020

FILE PHOTO: Russia's President Vladimir Putin attends a meeting with his Belarusian counterpart Alexander Lukashenko in Sochi, Russia September 14, 2020, in this still image taken from a video. Russian Presidential Executive Office/Handout via REUTERS

MOSCOW (Reuters) - Russia will send Belarus the first $1 billion tranche of a $1.5 billion loan by the end of the year and provide the remainder of the loan in 2021, Russian Finance Minister Anton Siluanov said on Wednesday.

The loan in Russian roubles and U.S. dollars is the latest in a number of support measures by Moscow to its former Soviet ally Belarus headed by President Alexander Lukashenko for 26 years.

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