Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Belarus Does Not Refuse $2 Bln Sberbank Loan for JSC Belaruskaliy
30.08.2011 12:08
Belarus Does Not Refuse $2 Bln Sberbank Loan for JSC Belaruskaliy

The Belarus authorities do not refuse obtaining a $2 bln loan from Sberbank and Deutsche Bank for the state company Belaruskaliy.

But they try to agree to get the credit on security of export contracts but not the holding of shares as Sberbank asks, said Belarus Prime Minister Mikhail Myasnikovich on Monday.

“We are working on changing terms and conditions, including the right of advanced repayment. This loan might be got on security of export contracts,” said the Prime Minister.

Last week Sberbank and Deutsche Bank offered Belaruskaliy a $2 bln loan on security of export receipts and 35% Belaruskaliy shares.

Belarus can’t get the second credit tranche in the amount of $400 mln out of $3 bln from the Eurasian Economic Community in November.

JSC Belaruskaliy is one of the largest producers of potassium mineral fertilizers in the world.

Author: Irina Fomina

Tags: Belarus Sberbank Russian business   

Next Previous

You might also find interesting:

Tinkov Lost Control of TCS Group after the Conversion of Voting Shares
Pavel Durov Refused from External Investments in Telegram Offered by Western Funds
The Ministry of Economy has Developed an Analogue of the "Golden Passports"
Lawyers Launch Entrepreneurship Assistance Association to Consult Businesses
The Growth of Online Trading in Russia Accelerated due to a Pandemic

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

travel to Russia  Kazan night life  Film Distribution  airport transfers  Moscow Zoo  Russian Animation  Russian National Football Team   Penza zoo  IT  St. Petersburg  Chukotka  Sochi Olympics  Year of the Russia-Netherlands cooperation   Moscow  Sokolniki Park  Art Exhibitions  Russian universities  Exhibitions in Moscow  business  Russian companies  Samara  international   Censorship  Mikhail Prokhorov  Russian drinks  Onix Hotel Complex  Milonov  World New Year  Bombs  Russian business  Nikolay Rubtsov  Jews  Architecture  English National Opera  European Parliament  Russian Poets  Explorers  Izhevsk Airport  Russian regions  Festivals in Moscow  Andrei Mironov  Russian tourism  Russian Cinema  Torrents  Mercedes-Benz Fashion Week Russia  Transbaikalia  Rosa Khutor  corruption in Russia  Zaryadye  Russian gold 

Travel Blogs
Top Traveling Sites