08:21 GMT +321 August 2019
Listen Live
    Business

    Russia Gives $10Bln Credit to Belarus for Nuclear Power Plant Construction

    Business
    Get short URL
    0 33

    The Russian government has ruled to allocate $10 billion of credit to Belarus for the construction of a nuclear power plant (NPP) in the country, the Russian official internet portal of legal information uploaded on Friday.

    MOSCOW, October 3 (RIA Novosti) - The Russian government has ruled to allocate $10 billion of credit to Belarus for the construction of a nuclear power plant (NPP) in the country, the Russian official internet portal of legal information uploaded on Friday.

    "The Russian side will provide the Belorussian side a state export credit of up to $10 billion to finance the cost of every contract ... on supply of goods, works done and services delivered ... by a Russian organization responsible for the construction of two energetic blocks [nuclear reactors] in Belarus," the document said.

    Russia’s nuclear power equipment and service export monopoly Atomstroyexport signed a contract with Belarus to build the country’s first atomic power plant in Ostrovets, near the Lithuanian border, in July 2012.

    The plant will have two nuclear reactors, with the first one to be completed by 2016.

    Tags:
    nuclear reactor, credit, nuclear power plant, nuclear, Atomstroyexport, Lithuania, Belarus
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik