IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 02 Sep 2013 | Removal date: open ended
Still in force

Loan guarantee

With Decree 779 of 2 September 2013, the Council of Ministers of Belarus approved the issuance in 2013 of a state guarantee in order to cover a credit facility of the Eurasian Development Bank (EDB). In this case the conditions for the issuance of the state guarantee are accorded before 2 September 2013, but its maturity date is not publicly available. The beneficiary of the of EDB's loan is OJSC 'Byelorussian Steel Works', the management company of 'Byelorussian Metallurgical Company' holding. The main products that the export-orientated holding structure manufactures are: steel, rolled products, steel cord, steel wire, hose wire, bead wire and seamless pipes. The parameters of the credit deal are established in Council of Ministers' Decree 583 of 4 July 2013 as follows: state guarantee at the amount of EUR 141 million for a 10-year investment loan involving construction works. 

AFFECTED COUNTRIES

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TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

429 Other fabricated metal products
7326 Other articles of iron or steel.
732611 Grinding balls and similar articles for mills
732619 Other
732620 Articles of iron or steel wire
732690 Other

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