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The agreement between the Government of the Kyrgyz Republic and National Bank of the Kyrgyz Republic and the Government of the Republic of Belarus and National Bank of the Republic of Belarus on settlement of debt obligations and requirements for 1992

of March 18, 2011

The government of the Kyrgyz Republic and National Bank of the Kyrgyz Republic and the Government of the Republic of Belarus and National Bank of the Republic of Belarus which are hereinafter referred to as the Party for the purpose of settlement of debt obligations and requirements for settlement for 1992 agreed as follows:

Article 1

The parties confirm the difference by results of trade and economic relations between the Kyrgyz Republic and the Republic of Belarus from January 1 till October 29, 1992 formed before transition to calculations through correspondent accounts for benefit of the Republic of Belarus in the amount 45 929 910, of 81 rubles that in equivalent constitutes the 207th 649, the 13th US dollar.

Article 2

The government of the Kyrgyz Republic recognizes as public debt in front of the Republic of Belarus the difference by results of trade and economic relations specified in Article 1 of this agreement and agrees to its renewal in public credit which is considered the Government of the Kyrgyz Republic provided by the Republic of Belarus and received.

The size of the granted public credit constitutes the 207th 649, the 13th US dollar.

Article 3

The public credit is granted by the Republic of Belarus to the Government of the Kyrgyz Republic till December 31, 2013 with repayment by annually equal shares during 2011-2013. Early repayment of the credit is allowed.

Article 4

Repayment of public credit is made by the Kyrgyz Side the following payments: On September 30, 2011 in the amount of the 69th 216, the 38th US dollar, on September 30, 2012 - in the amount of the 69th 216, the 38th US dollar and on September 30, 2013 - in the amount of the 69th 216, the 37th US dollar.

Article 5

Percent for granted loan are not charged and not levied. On overdue payments on the credit percent in US dollars at the rate 4 annual interest rates are charged and paid.

Article 6

The Ministry of Finance of the Kyrgyz Republic and the Ministry of Finance of the Republic of Belarus with the assistance of National Bank of the Kyrgyz Republic and National Bank of the Republic of Belarus will hold negotiations and will sign the Agreement on technical procedure for servicing of public credit.

Article 7

This agreement is applied temporarily from the date of its signing and becomes effective from the date of the last written notice of accomplishment of the interstate procedures by the Parties necessary for its entry into force, and stops the action from the date of full implementation by the Kyrgyz Side of the obligations provided by this agreement.

Article 8

With the consent of both Parties changes and additions which are drawn up by separate protocols can be made to this agreement.

Article 9

The disputes between the Parties arising in connection with application or interpretation of this agreement are solved by consultations and negotiations between the Parties.

It is made to Bishkek on March 18, 2011 in duplicate, everyone in the Kyrgyz and Russian languages, and all texts have identical legal force.

In case of disagreements in interpretation, the text in Russian has advantage.

  

For the Government

Kyrgyz Republic                        

For the Government

Republic of Belarus

For National Bank  

Kyrgyz Republic                   

For National Bank
Republic of Belarus

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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