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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of March 4, 2022 No. 121

About compensation of losses

Based on the Presidential decree of the Republic of Belarus of August 25, 2006 "About assistance to commodity export development (works, services)" the Council of Ministers of the Republic of Belarus DECIDES: No. 534

1. Compensate in 2022-2024 to open joint stock company "Belarusbank savings bank of loss from provision of the export loan in the amount of 9 508 440 US dollars issued for payment of the career technology of production of BELAZ open joint stock company - managing company of BELAZ-HOLDING holding on commercially oriented interest rate (CIRRs) according to the credit agreement of January 27, 2022 No. 6160020122, at the expense of the means of the republican budget provided in 2022 on other questions in the field of the industry, constructions and architecture and in 2023-2024 - within the means provided on these purposes in the republican budget for these years on condition of insurance of export risks with support of the state.

2. To the Ministry of Finance when forming the republican budget for 2023-2024 to provide funds for compensation of losses on export loan according to Item 1 of this resolution.

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

Prime Minister of the Republic of Belarus

R. Golovchenko

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