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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of July 27, 2015 No. 632

About provision of guarantees for the Government of the Republic of Belarus in repayment of the credits

According to presidential decrees of the Republic of Belarus of June 30, 2008 "About some questions of provision of guarantees for the Government of the Republic of Belarus on the credits issued to banks of the Republic of Belarus" and of June 29, 2015 No. 284 "About stabilization of financial and economic condition of separate industrial bodies" the Council of Ministers of the Republic of Belarus DECIDES: No. 359

1. Provide to BPS-Sberbank open joint stock company of guarantee of the Government of the Republic of Belarus in repayment of the credits and interest for using by them issued for a period of up to 5 years (under investment agreements - up to 6 years), with collection of interest for using the credits at the rate no more than the rate of EURIBOR for 3-month deposits increased by 9,25 of percent point of margin for financing of the current and investing activities of open joint stock companies:

"The Minsk tractor plant" - in the amount no more 94, 4 million euros;

"BELAZ" - managing company of BELAZ-HOLDING holding - in the amount no more 151, 5 million euros.

2. The payment for provision of guarantees for the Government of the Republic of Belarus according to Item 1 of this resolution is made one-timely in the amount of percent 0,1 from the amount of the credits.

3. To the Ministry of Finance to draw up in accordance with the established procedure the guarantees of the Government of the Republic of Belarus provided according to Item 1 of this resolution after the conclusion of credit agreements.

4. Confer the personal responsibility for target use of means of the credits specified in Item 1 of this resolution, their timely repayment and interest payment for use of these credits for the CEO of Minsk Tractor Plant open joint stock company and the CEO of BELAZ open joint stock company - managing company of BELAZ-HOLDING holding.

5. To impose control over the implementation of this resolution on the Industry ministry.

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

Prime Minister of the Republic of Belarus

A. Kobyakov

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