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Belarus Hopes to Receive $700 Mln Loan From Russia in July-August

© Sputnik / Andrei Aleksandrov / Go to the photo bankState colors of Russia and Belarus on the building of the Minsk Philharmonic.
State colors of Russia and Belarus on the building of the Minsk Philharmonic. - Sputnik International
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Minsk expects to receive a $700 million loan from Russia either in July or August, according to Belarusian Deputy Finance Minister Maxim Ermolovich.

MINSK (Sputnik) — Belarus hopes to receive a $700 million loan from Russia either in July or August, Belarusian Deputy Finance Minister Maxim Ermolovich said Friday.

"We expect the actual receipt of these funds in July-August," Ermolovich told reporters in Minsk.

Belarusian Finance Minister Vladimir Amarin said in late May that the $700 million loan from Russia for debt restructuring was under detailed consideration.

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