- Sputnik International
Russia
The latest news and stories from Russia. Stay tuned for updates and breaking news on defense, politics, economy and more.

Russia could grant loan to Belarus soon - finance minister

Subscribe
International
India
The Russian government will consider granting a $1.5 billion stabilization loan to Belarus in the next few months, the finance minister said.
VERDER/POTSDAM (Germany), May 19 (RIA Novosti) - The Russian government will consider granting a $1.5 billion stabilization loan to Belarus in the next few months, the finance minister said.

Belarus's government requested a loan from Russia February 22 due to rises in oil and natural gas prices imported from Russia.

"We have not yet granted a loan to Belarus," Alexei Kudrin told a late-night news conference Friday, adding that the decision could be made in the next few months.

On January 1, Russia raised the price of its gas supplies to Belarus to $100 per 1,000 cubic meters from $46.7 in 2006, which sparked an energy dispute between the two countries and triggered more accusations in Europe that Russia is using oil and gas as a political weapon.

"In any case, the decision will require changes in the [federal] budget and the approval by parliament, that is why we are carefully studying this issue," said the minister, who is attending a meeting of the G8 finance ministers in Germany.

Late Friday, Russian energy giant Gazprom [RTS: GAZP] signed a deal to purchase a 50% stake in Belarusian pipeline operator Beltransgaz for $2.5 billion.

Gazprom will make equal payments in four stages from 2007 to 2010, acquiring a 12.5% stake in Beltransgaz at each stage, which will ensure stable gas supplies to Central and Western European consumers.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала