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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of July 29, 2022 No. 496

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)" and resolutions of Council of Ministers of the Republic of Belarus of June 15, 2022 No. 390 "About conditions of export financing" the Council of Ministers of the Republic of Belarus DECIDES: No. 534

1. Compensate in 2022-2025 to Belagroprombank open joint stock company of loss from implementation of financing of Red Food Industry Worker open joint stock company under concession of monetary claim (factoring) with extreme amount of financing in the amount 657 000 000 Russian rubles and the extreme size of debt on financing under concession of monetary claims (factoring) in the amount of 73 000 000 Russian rubles with payment of remuneration in the form of the discount determined 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) under the general agreement of financing under concession of monetary claim (factoring) of June 15, 2022 to No. 6024220001, 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 2023-2025 - within 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 2023-2025 to provide funds for compensation of losses to Belagroprombank open joint stock company on implementation of financing under concession of monetary claim (factoring) according to Item 1 of this resolution.

3. This resolution becomes effective after its official publication.

Prime Minister of the Republic of Belarus

R. Golovchenko

 

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