Russia is ready to consider Belarus’s proposals in terms of refinancing its foreign debt, Finance Minister Anton Siluanov said on Wednesday.
Siluanov said Moscow would consider this form of refinancing, whether through the Eurasian Stabilization and Development Fund * or through external lending.
The Russian-led Eurasian Stabilization and Development Fund is unable to provide $ 3.5 billion in loans to Belarus, said Russian Finance Minister Anton Siluanov, noting that Moscow was ready to provide less support.
Siluanov said there could initially be talk of refinancing the debt to about $ 1 million a year for Russia and the Eurasian Stabilization and Development Fund.
In December, Belarus requested $ 3.5 billion from the Eurasian Stabilization and Development Fund to refinance its debt as it was unable to secure European funds following sanctions imposed on Minsk by its sweeping crackdown on dissent. street demonstrations in the last two years.
* The Eurasian Stabilization and Development Fund, as a regional fund, was established in 2009 by six countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan)
Source: AMPE
Source: Capital
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