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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of June 15, 2022 No. 390

About conditions of export financing

(Extraction)

Based on the paragraph of the thirty first subitem 2.10 of Item 2 of the Presidential decree of the Republic of Belarus of March 14, 2022 "About additional measures for ensuring stable functioning of economy" the Council of Ministers of the Republic of Belarus DECIDES: No. 93

1. Determine that in 2022:

1.1. in addition to the financing terms determined by part one of subitem 4.1 of item 4 of the Presidential decree of the Republic of Belarus of August 25, 2006 No. 534 "About assistance to commodity export development (works, services)" export loans are granted by "Development Bank of the Republic of Belarus" open joint stock company (further - Development bank), bankami*:

a) to residents (except for the leasing organizations) (further - the manufacturing organizations) for production of the goods included in the list established by Council of Ministers of the Republic of Belarus (further - the goods included in the list), and other goods (works, services) and subsequent their realization:

to the residents authorized on sales of goods, included in the list, and other goods (works, services) of producer organizations to the organizations which are not residents or managing company of holding which part the manufacturing organizations are (further - the implementing organizations), for the purpose of the subsequent sales of goods, included in the list, and other goods (works, services) to the organizations which are not residents;

to the organizations which are not residents on the basis of agreements of the order, the commission and other similar civil agreements signed with the implementing organizations;

b) to the implementing organizations for realization to the organizations which are not residents, the goods included in the list and other goods (works, services):

acquired by the implementing organizations at producer organizations;

received by the implementing organizations for agreements of the order, the commission and other similar civil agreements signed with the manufacturing organizations;

______________________________

* According to the list of the banks authorized on provision of export loans, the established resolution of Council of Ministers of the Republic of Belarus of April 23, 2021 No. 249.

1.2. the size of the export loans specified in subitem 1.1 of this Item cannot exceed at the same time costs of the export contract for short-term export loans and 85 percent of cost of the export contract for long-term export loans;

1.3. for office use;

1.4. the export loans in the Russian and Belarusian rubles specified in item 4 of the Presidential decree of the Republic of Belarus of August 25, 2006 No. 534 and subitem 1.1 of this Item according to the credit agreements signed from the date of, the entry into force of this resolution following behind day, are provided with interest payment in the amount of at least two third the key interest rate established by the Central bank of the Russian Federation (taking into account its change) and at least two third the refunding rate established by National Bank (taking into account its change);

1.5. financing by Development bank, banks under concession of monetary claim (factoring) in Russian rubles or Belarusian rubles according to Item 9 of the Presidential decree of the Republic of Belarus of August 25, 2006 No. 534 is performed with remuneration which amount is determined in Russian rubles as the one three hundred sixtieth part from two third the key interest rate established by the Central bank of the Russian Federation (taking into account its change), in Belarusian rubles - as the one three hundred sixtieth part from two third the refunding rate established by National Bank (taking into account its change), per every day from the date of financing by the creditor's factor about day of payment inclusive;

1.6. for office use;

1.7. for office use.

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

Prime Minister of the Republic of Belarus

R. Golovchenko

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