Russia gives Lukashenka 2 billion dollars

26.12.2013 | Economy

The budget approved for 2014 will make up 4.87 billion roubles.

Speaking at a meeting of the State Council of Russia and Belarus in Moscow on December 25, Russian President Vladimir Putin said Moscow could lend Belarus an additional $2 billion in 2014. "The Russian government has decided ... to issue the Republic of Belarus with additional loan funds of up to $2 billion", quotes RFE/RL Russian President.

Meanwhile, Russian Finance Minister Anton Siluanov said that the loan will not come from Russia's National Welfare Fund, which, in theory, is designed to back Russia's state pensions. Speaking to journalists on the side-lines of the State Council, Siluanov said the funds would be transferred in the form of an intergovernmental loan with maturity of up to 10 years.

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Russia gives Lukashenka 2 billion dollars

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