ANNOUNCEMENT 21 Jan 2013

In January 2013, the government of Belarus announced a change in its trade finance instruments.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Постановление Совета Министров от 21.01.2013 № 44
О компенсации потерь открытому акционерному обществу ”Сберегательный банк ”Беларусбанк“ от предоставления экспортного кредита Постановление Совета Министров, http://www.government.by/ru/solutions/1952

Inception date: 21 Jan 2013 | Removal date: 21 Dec 2015
Still in force

Trade finance

With Decree 44 of January 21, 2013, the Council of Ministers of Belarus compensated (through Belarusbank) the open joint-stock company Paper-mill Spartak for interest payments of an export loan the company previously received at market rates (CIRR or Commercial Interest Reference Rate, the minimum interest rates, which may be applied under the OECD arrangement on guidelines for officially supported export credits). The maximum compensation is set at EUR17.22 million. JSC "Paper-mill "Spartak" is specialised in the production of paper, cardboard and goods thereof.

AFFECTED SECTORS