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 04-09-2017)

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 the amount of no more than 85 percent from the cost of the export contract * (from the contractual cost of the agreement of international leasing **) 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:

to the leasing organizations which are residents of the Republic of Belarus *** for acquisition in property of goods of the residents of the Republic of Belarus included in the list approved by Council of Ministers of the Republic of Belarus (further - the goods included in the list), 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 the foreign banks, for payment implemented by residents of the Republic of Belarus of the goods included in the list, works, services or for advance payment of the goods made and (or) realized by residents of the Republic of Belarus included in the list, works, services;

to the organizations which are not residents of the Republic of Belarus, except for foreign banks for payment by the realized organizations which are not residents of the Republic of Belarus, the goods included in the list and acquired by them at residents of the Republic of Belarus under export contracts under which export loans within this Decree were not granted;

to foreign banks for financing of payment by the organizations which are not residents of the Republic of Belarus:

the goods realized by residents of the Republic of Belarus included in the list, works, services or advance payment of the goods made and (or) realized by residents of the Republic of Belarus included in the list, works, services;

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

Provision of export loans to the organizations specified in paragraphs the third or seventh to part one of this subitem on the conditions established in these paragraphs, for payment realized or for advance payment of the goods made in the Republic of Belarus which are not included in the list specified in the paragraph the second to part one of this subitem can be performed by Development bank based on offers of the republican state bodies and other state organizations subordinated to the Government of the Republic of Belarus, the regional executive committees, Minsk Gorispolkom approved with the Ministry of Economics and the Ministry of Finance;

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