14:15 GMT13 July 2020
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    Moscow agreed to allocate a $760-million loan to Minsk for 10 years.

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    MINSK (Sputnik) – The finance ministries of Belarus and Russia have signed an intergovernmental agreement on a 10-year $760-million loan to Minsk, the Belarusian Finance Ministry said Friday.

    “The Belarusian Finance Ministry and the Russian Finance Ministry signed on July 24 an intergovernmental agreement on granting the government of Belarus a loan,” the Belarusian Finance Ministry said in a statement.

    The agreement stipulates a loan of “$760 million for a period of 10 years.”

    The Belarusian Finance Ministry said it expects the funds to be received in the next few days.


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