Belarus to sign export loan agreement with Sberbank of Russia

         Belarus plans to sign an export loan agreement with Sberbank of Russia. The relevant decision is laid down by Council of Ministers executive order. The document approves the draft agreement between the Belarus government and the public joint-stock company Sberbank of Russia on terms of loans for buying Belarus-made goods in Russia. The Belarusian Finance Ministry and the Industry Ministry have been authorized to conduct talks with the Russian side. They are authorized to sign the agreement. Once the document is signed, these government agencies will have to ensure its implementation.
BPS Sberbank will be in charge of executing the agreement and will be entitled to collecting fees of at most 0.02% of the sum that Belarus’ central state budget has to compensate for.