ANNOUNCEMENT 13 Mar 2013In March 2013, the government of Belarus announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
With Decree 177 of March 13, 2013, the Council of Ministers of Belarus have prolonged the provision of loans at advantageous terms (through Sberbank Russia) to buyers of Belarusian goods on the territory of the Russian Federation. The state financial scheme was originally implemented in 2009 (Decree 466 of September 24, 2009) and the goal is to promote Belarusian goods, among others machinery and equipment, on the Russian market and to increase the Belarusian exports.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.