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Russia Pledges up to $2Bln in New Loan for Belarus

© RIA Novosti . Dmitry Astakhov / Go to the photo bankBelarusian President Alexander Lukashenko, Russian President Vladimir Putin and Prime Minister Dmitry Medvedev during a meeting in Moscow
Belarusian President Alexander Lukashenko, Russian President Vladimir Putin and Prime Minister Dmitry Medvedev during a meeting in Moscow - Sputnik International
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The Russian government will provide Belarus up to $2 billion in a long-term loan next year, Russian President Vladimir Putin said Wednesday.

MOSCOW, December 26 (RIA Novosti) – The Russian government will provide Belarus up to $2 billion in a long-term loan next year, Russian President Vladimir Putin said Wednesday.

“The Russian government has decided to render assistance to our colleagues in connection with recent events on global markets, and provide Belarus with an additional loan of up to $2 billion,” Putin said.

Russian Finance Minister Anton Siluanov said the loan would be financed from Russia’s budget and “other sources.”

No money for the loan is expected to be withdrawn from Russia’s National Welfare Fund, an off-budget reserve of accumulated oil and gas revenue.

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