Russia gives up to $600 million to Belarus to help it repay loans

Russia gives up to $600 million to Belarus to help it repay loans

Russia will lend its neighbour Belarus up to $600 million so Minsk can refinance outstanding loans it previously took from Moscow, Russian Finance Minister Anton Siluanov said on Monday, Reuters reported.

Belarus is also set to receive $200 million from the Russia-led Eurasian Fund for Stabilization and Development by the end of April, in what would be the seventh tranche of funds designed to help stabilise the country’s budget, Siluanov said.

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