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PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of October 16, 2018 No. 407

About support of the organizations of agro-industrial complex

For the purpose of increase in overall performance of the organizations of agro-industrial complex I decide:

1. Offset losses (to compensate, pay percent) banks and JSC Development Bank Republic of Belarus (further - Development bank) on the loans granted within presidential decrees of the Republic of Belarus (appendix) during the period determined in the paragraph the second subitem 2.1 of Item 2 of this Decree, but which is not exceeding the term specified in appendix in case of observance in total of the following conditions:

the loans were granted on financing of implementation of state programs and actions in agro-industrial complex and on them compensation of losses (compensation, interest payment) of banks and Development bank (further - compensation of losses of banks and Development bank) according to the presidential decrees of the Republic of Belarus called in appendix was performed;

terms of return (repayment) of the credits are prolonged in connection with delay (payment by installments) granted according to part one of subitem 2.6 of Item 2 of the Presidential decree of the Republic of Belarus of July 17, 2014 to No. 348 "About measures for increase in overall performance of the organizations of agro-industrial complex" (further - delay (payment by installments).

2. Determine that:

2.1. compensation of losses of banks and Development bank on the credits determined in Item 1 of this Decree (further, unless otherwise specified, - the credits), is performed:

during the period of providing delay (payment by installments) concerning debt on principal debt on the credits (except for overdue debt);

at the expense of means republican and (or) local budgets within the total expenses provided in budgets on these purposes for the corresponding financial year;

on the credits issued in foreign currency - in Belarusian rubles on the official rate of National Bank operating for date of compensation (compensation, interest payment);

according to the list of the organizations approved according to subitem 5.1 of Item 5 of this Decree;

in sizes * and on the conditions determined by the presidential decrees of the Republic of Belarus called in appendix;

______________________________

* In case of acquisition of assets by Development bank on the credits compensation to it losses (compensation, interest payment) is performed in the sizes established in acts of the legislation according to which such assets were acquired.

2.2. in cases of change of the name of the borrower and (or) his reorganization and modification of credit agreements regarding change of the name of the borrower, its form of business compensation of losses of banks and Development bank on the credits is performed according to the procedure, provided in paragraphs by fourth or pole of subitem 2.1 of this Item;

2.3. on the credits on which guarantees of the Government of the Republic of Belarus were provided in cases, the provided in paragraphs three of Item 1 of this Decree and subitem 2.2 of this Item, within three months from the effective date of this Decree or one month from the date of the conclusion of the supplementary agreement to the credit agreement the new guarantee of the Government of the Republic of Belarus with response earlier provided is provided.

Providing new guarantee of the Government of the Republic of Belarus is performed in ensuring obligation fulfillment of the borrower on repayment of the amount of remaining balance of principal debt on the credits and (or) interest for using by them (except for the percent compensated (compensated) at the expense of means of the republican budget).

On the credits on which guarantees of local executive and administrative organs were provided in case, the provided in paragraph three of Item 1 of this Decree, within three months from the effective date of this Decree or one month from the date of the conclusion of the supplementary agreement to the credit agreement local executive and administrative organs provide introduction of amendments to agreements of guarantees regarding prolongation of terms of their action (if necessary).

In cases of change of the name of the borrower or his reorganization after entry into force of this Decree on the credits on which guarantees of local executive and administrative organs were provided these bodies no later than one month from the date of the conclusion of the supplementary agreement to the credit agreement make the decision on provision of a guarantee according to obligations of the new borrower on the amount of remaining balance of principal debt on the credit and (or) interest for using by it.

From the date of the conclusion of the agreement on provision of a guarantee by local executive and administrative organ according to obligations of the new borrower earlier signed agreement of guarantee is considered terminated.

The guarantees specified in parts of the second or fourth of this subitem are provided (terms of their action are prolonged) without collection of payment for their provision (prolongation of terms of their action) and without taking into account:

the requirements established in Item 6 of the Regulations on procedure for provision of guarantees for the Government of the Republic of Belarus on the credits issued by banks of the Republic of Belarus, No. 359 approved by the Presidential decree of the Republic of Belarus of June 30, 2008 "About some questions of provision of guarantees for the Government of the Republic of Belarus on the credits issued by banks of the Republic of Belarus";

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