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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of February 20, 2020 No. 101

About interest payment for use of bank loans

According to the Presidential decree of the Republic of Belarus of May 16, 2019 No. 181 "About the organizations of cement industry" and the order of the President of the Republic of Belarus of December 24, 2015 No. 218rp "About questions of the open joint stock company "Grodno Glass Plant" Council of Ministers of the Republic of Belarus DECIDES:

1. Pay in 2020 at the expense of the means of the republican budget provided on other questions in the field of the industry, constructions and architecture in the expense limits determined in the budget for the current financial year on these purposes, interest for using the loans granted by open joint stock companies "Belarusbank savings bank and "Development Bank of the Republic of Belarus":

1.1. to Belarusian Cement Works, Krichevtsementnoshifer and Krasnoselskstroymaterialy open joint stock companies (further - the organizations of cement industry) according to appendix 1:

in Belarusian rubles, - in the amount of rate on the credit, but no more than 100 percent of the refunding rate of National Bank which developed taking into account its change during charge of percent;

in US dollars and euro, - in the amount of rate on the credit, but no more than 7 annual interest rates with payment in Belarusian rubles on the official rate of National Bank established on payment date;

1.2. to Grodno Glass Plant open joint stock company (further - JSC Grodno Glass Plant) according to appendix 2:

in Belarusian rubles, - in the amount of 50 percent of the refunding rate of National Bank which developed taking into account its change during charge of percent;

in foreign currency, - in the amount of 50 percent of the rate on the credit determined in the corresponding credit agreement with payment in Belarusian rubles on the official rate of National Bank established on payment date.

Interest payment according to part one of this Item is made based on the provided organizations of cement industry and JSC Grodno Glass Plant in the Ministry of Finance and "Belarusbank savings bank and "Development Bank of the Republic of Belarus" of data on the amounts approved with open joint stock companies added and subject to interest payment for use of the credits.

2. The money released according to subitem 1.2 of part one of Item 1 of this resolution is allocated by JSC Grodno Glass Plant for replenishment of own current assets.

3. Conditions of rendering the state support provided in Item 1 of this resolution, and also person on whom the personal responsibility for its accomplishment is conferred are determined respectively in Items 11 and 14 of the Presidential decree of the Republic of Belarus of May 16, 2019 No. 181 and in Items 3 and 8 of the order of the President of the Republic of Belarus of December 24, 2015 No. 218rp.

4. This resolution becomes effective from the date of its acceptance and extends the action to the relations which arose since January 1, 2020.

Prime Minister of the Republic of Belarus

S. Rumas

Appendix 1

to the Resolution of Council of Ministers of the Republic of Belarus of February 20, 2020 No. 101

The list of the loans granted to the organizations of cement industry

Name of the organizations

The name of the crediting organization

Date and number of the credit agreement

Credit amount according to the credit agreement

The amount of principal debt on the credit for   December 1, 2019.

The actual size of loan interest rate   is on December at 1, 2019.

1. JSC Belarusian Cement Works

 JSC ASB Belarusbank

24.06.2009 No. 7124950609

30, 75 million US dollars

28, 548 million US dollars

7 percent

09.12.2009 No. 7125111209

3, 113 million euros

84 euros

"

11.06.2010 No. 7125380610

9, 23 million rubles

8, 534 million rubles

refunding rate

14.05.2011 No. 7125740511

35, 4 million rubles

32, 17 million rubles

"

02.02.2012 No. 7125820212

 10 million US dollars

1, 006 million US dollars

7 percent

10.04.2012 No. 7125860412

 15 million US dollars

14, 997 million US dollars

"

2. JSC Krichevtsementnoshifer

"

24.06.2009 No. 7000590609

37, 2 million US dollars

13, 405 million US dollars

"

07.02.2012 No. 7000100212

 45 million US dollars

44, 963 million US dollars

"

13.04.2012 No. 7000170412

71, 531 million US dollars

71, 495 million US dollars

"

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