Belarus, China to amend loan agreements for Belarusian National Biotechnology Corporation

The Council of Ministers of Belarus has approved a draft agreement on introducing amendments to agreements on providing soft government loans to implement the investment project “Launching high-tech full-cycle agro-industrial production in 2016-2032” (first and second stages) between the Government of Belarus represented by the Finance Ministry and the Export-Import Bank of China. The decision was formalized by Resolution No. 394 as of 6 July 2021. The document was officially published on the National Legal Internet Portal, BelTA informs.

According to the document, the Finance Ministry is authorized to conduct negotiations on the draft agreement and, if necessary, to introduce minor changes, as well as to sign the agreement, if the parties come to terms, within the approved project.

The project is run by the Belarusian National Biotechnology Corporation.

The resolution comes into force on the day of its adoption.