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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of January 24, 2023 No. 58

About conditions of export financing

(as amended on 29-12-2023)

(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 2023-2024:

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, or to members 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;

for office use;

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 paragraphs first or third the subitem and), the subitem) 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. for office use;

1.5. for office use;

1.6. the export loans provided 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 are provided in the Belarusian, Russian rubles, the Chinese yuans by banks, Development bank with interest payment:

in Belarusian rubles - in the amount of at least two third the refunding rate established by National Bank (taking into account its change);

in Russian rubles - 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);

in the Chinese yuans - in the amount of at least rate on the credits for the first-class borrowers (1-year LPR), established by the People's Bank of China (taking into account its change);

1.7. financing by banks, Development bank under concession of monetary claim (factoring) in the Belarusian, Russian rubles, the Chinese yuans 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 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;

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), per every day from the date of financing by the creditor's factor about day of payment inclusive;

in the Chinese yuans - as the one three hundred sixtieth part from the rate on the credits for the first-class borrowers (1-year LPR) established by the People's Bank of China (taking into account its change), per every day from the date of financing by the creditor's factor about day of payment inclusive.

The size of funds for compensation of losses to banks from implementation of financing of residents (creditors) under concession of monetary claim (factoring) in case of implementation of export contracts in Belarusian rubles is calculated as difference between:

the income estimated proceeding from daily remaining balance of outstanding amount on financing under concession of monetary claim (factoring) and the average interest rate which developed on bank for the accounting period on the loans granted to legal entities in Belarusian rubles;

the income under the agreement of factoring estimated proceeding from daily remaining balance of outstanding amount on financing under concession of monetary claim (factoring) and the interest rate of remuneration established in the form of discount and (or) other forms determined by this agreement for the accounting period;

1.8. for office use;

1.9. for office use;

1.10. for office use;

1.11. The Belarusian republican unitary enterprise of export-import insurance "Beleksimgarant" has the right to perform voluntary insurance of export risks with support of the state on the terms of joint insurance with the Belarusian republican unitary insurance enterprise Belgosstrakh with data transmission of risks in reinsurance to the republican unitary enterprise "Belarusian National Reinsurance Organization".

At the same time the insurance contract of export risks is signed by the parties according to the decision of the Government of the Republic of Belarus with support of the state provided that responsibility on it and (or) the total scope of responsibility on acting and (or) concluded concerning one partner of the insurer of insurance contracts of export risks with support of the state will exceed 10 percent of the amount of equity of all insurance companies specified in part one of this subitem.

The Belarusian republican unitary enterprise of export-import insurance "Beleksimgarant" acts as the leading insurer according to the insurance contracts of export risks with support of the state signed according to part one of this subitem and provides before insurers execution of undertaken obligations under such agreements.

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