Belarusian Finance Ministry to sign agreement with 10 Russian banks on emission of government bonds

The Belarusian Finance Ministry will sign an agreement on providing the services involved in organizing an emission of Belarusian government bonds, which are nominated in the Russian currency and are issued in the territory of the Russian Federation, BelTA learned from the Council of Ministers’ resolution No.358 of 24 June 2021.

According to the document the Belarusian Finance Ministry intends to sign the agreement with ten Russian banks. Those are Gazprombank, BKS Bank, VTB Capital, Credit Bank of Moscow, Russian Agricultural Bank, Joint-Stock Commercial Bank of Support to Commerce and Business (aka SKB Bank), Sovcombank, Promsvyazbank, Ak Bars Bank, and Univer Capital.

If necessary, the Belarusian Finance Ministry will grant the power of attorney to these banks and will take other legally binding actions in order to implement the agreement.

The Council of Ministers resolution comes into force as of the publication date.