Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC

PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of August 25, 2006 No. 534

About assistance to commodity export development (works, services)

(The last edition from 29-04-2019)

For the purpose of creation in the Republic of Belarus of complex incentive system of export I decide:

1. Approve enclosed:

Regulations on insurance of export risks with support of the state;

Regulations on procedure for issue and use of budget advances for payment of insurance indemnities for insurance contracts of export risks with support of the state;

Regulations on procedure for compensation of losses to the banks and the non-bank credit and financial organizations of the Republic of Belarus performing financing under concession of monetary claim (factoring) in case of implementation of export contracts.

2. Determine that the exclusive right on carrying out insurance of export risks with support of the state belongs to the Republic of Belarus and is performed from her name by the Belarusian republican unitary enterprise of export-import insurance "Beleksimgarant".

3. Determine that:

3.1. the "Development Bank of the Republic of Belarus" open joint stock company (further - Development bank) according to the procedure, established by Council of Ministers of the Republic of Belarus, grants export loans, including within credit lines (further - export loans):

in foreign currency (except for Russian rubles) - on commercially oriented interest rates (CIRRs) according to the Agreement provisions about officially the supported export loans drafted by member countries of the Organization for economic cooperation and development and existing on the date of the conclusion of credit agreements;

in the Russian and Belarusian rubles - on commercially oriented interest rates (CIRRs), in case of their absence - at least two third the key interest rate established by the Central bank of the Russian Federation, and at least two third the refunding rate established by National Bank on the date of the conclusion of credit agreements, respectively.

Export loans are granted by Development bank:

to the leasing organizations which are residents of the Republic of Belarus *, for acquisition at residents of the Republic of Belarus in property made (made) in Republic of Belarus goods included in the list approved by Council of Ministers of the Republic of Belarus (further - the goods included in the list), and other goods ** for their transfer to leasing or realization to the organizations which are not residents of the Republic of Belarus, except for foreign banks;

to the organizations which are not residents of the Republic of Belarus, except for foreign banks for:

payments (including preliminary) the implemented (realized) residents of the Republic of Belarus goods included in the list and other goods, works, services;

payments in the country of commodity importation, included in the list, and other goods of the customs payments (taxes, charges, duties) collected in case of their import in case of payment term of such goods at the expense of export loans;

payments by the realized organizations which are not residents of the Republic of Belarus, the goods included in the list and other goods acquired by them at residents of the Republic of Belarus under export contracts *** on which export loans within this Decree were not granted;

to foreign banks for financing:

payments (including preliminary) the organizations which are not residents of the Republic of Belarus, the implemented (realized) residents of the Republic of Belarus goods included in the list and other goods, works, services;

payments by the organizations which are not residents of the Republic of Belarus, in the country of commodity importation, included in the list, and other goods of customs payments (taxes, charges, the duties) collected in case of their import in case of payment term of such goods at the expense of export loans;

payments by the organizations which are not residents of the Republic of Belarus, the realized organizations which are not residents of the Republic of Belarus, the goods included in the list and other goods acquired by them at residents of the Republic of Belarus under export contracts under which export loans within this Decree were not granted;

to the leasing organizations which are residents of the Republic of Belarus, to the organizations which are not residents of the Republic of Belarus, to foreign banks for compensation to Development bank of insurance premiums according to the insurance contracts of export risks with support of the state concluded by provision of export loans by Development bank according to this subitem.

The size of the export loans granted in compliance:

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