RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of February 23, 2022 No. 98

About compensation of losses of banks and provision of subsidies

Based on subitem 9.2 of Item 9 of the Presidential decree of the Republic of Belarus of July 17, 2014 "About the state agrarian policy" the Council of Ministers of the Republic of Belarus DECIDES: No. 347

1. Take into consideration transition of the rights and obligations of the borrower to the agricultural unitary enterprise "Lazduny-Agro", Grodno Meat-processing Plant open joint stock company, municipal agricultural unitary enterprise of Luka-agro, the municipal district agricultural unitary enterprise "Experimental base of Boruna, to Prinemansky open joint stock company on the loans granted by Belagroprombank open joint stock companies and "Belarusbank savings bank (further - banks) for the purpose of implementation of state programs in agro-industrial complex according to appendices 1 and 2.

2. Offset to banks losses on the credits according to appendix 1.

3. Provide to the organizations of subsidy for payment of part of interest for using the credits according to appendix 2.

4. Compensation of losses of banks, provision of subsidies for payment of part of interest for using the credits are performed:

concerning debt on principal debt on the credits (except for the overdue and (or) delayed (spread) credit debt);

during the term of charge of interest for using these credits;

monthly at the expense of the means of the republican budget provided on other questions in the field of agricultural industry within the amounts approved by the law on the republican budget for the corresponding financial year.

5. Recommend to the Grodno regional executive committee to make the decision on provision to Grodno Meat-processing Plant open joint stock company and municipal agricultural unitary enterprise of Luka-agro at the expense of means of the regional budget of subsidies for payment of part of interest for using the credits according to appendix 2 in the amount of 50 percent of the refunding rate of National Bank operating (taking into account its change) in the corresponding period of charge of percent.

6. This resolution becomes effective from the date of its acceptance.

Appendix 1

to the Resolution of Council of Ministers of the Republic of Belarus of February 23, 2022 No. 98

The list of the organizations on which credits transition of the rights and obligations of the borrower is performed and is performed compensation of losses of banks

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* The remaining balance of debt on the main amount of debt on the credit will be specified on acceptance date of the resolution. 

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