ANNOUNCEMENT 30 Dec 2015

In December 2015, the government of Belarus announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Dec 2015 | Removal date: open ended

Loan guarantee

On 30 December 2015 the Government of the Republic of Belarus approved Decree No. 1113. It authorises the issuance of state guarantees to Belinvestbank and Belarusbank. They cover the outstanding loan principal payments and not covered by the republican budget due loan interest payments, related to 18 BYR, EUR, USD and RUB-denominated loan contracts that surpass 10 million USD. The beneficiaries are 3 cement companies: Belarusian Cement Plant, Krasnoselskstroimaterialy and Krichevtsementnoshifer. The maturity date of the state guarantees is not disclosed.

AFFECTED SECTORS

 

AFFECTED PRODUCTS