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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of August 27, 2015 No. 718

About measures for implementation of the Presidential decree of the Republic of Belarus of June 24, 2015 No. 257

(as amended on 31-03-2021)

According to paragraphs the fourth and fifth subitem 8.1 of Item 8 of the Presidential decree of the Republic of Belarus of June 24, 2015 No. 257 "About some questions of acquisition of assets of the banks created when crediting the organizations of the woodworking industry, and refining of limit of internal public debt" Council of Ministers of the Republic of Belarus DECIDES:

1. Approve enclosed:

Regulations on the size and procedure for distribution of means with their transfer to the special accounts opened in "Development Bank of the Republic of Belarus" open joint stock company for accumulation of money in Belarusian rubles and (or) foreign currency for the purpose of debt repayment before the republican budget;

Regulations on procedure for realization of powers of "Development Bank of the Republic of Belarus" open joint stock company in case of asset management.

2. Confer the personal responsibility for fulfillment of requirements of the Regulations on the size and procedure for distribution of means with their transfer to the special accounts opened in "Development Bank of the Republic of Belarus" open joint stock company for accumulation of money in Belarusian rubles and (or) foreign currency for the purpose of the debt repayment before the republican budget approved by this resolution on heads of borrowers.

3. This resolution becomes effective after its official publication.

Prime Minister of the Republic of Belarus

A. Kobyakov

Approved by the Resolution of Council of Ministers of the Republic of Belarus of August 27, 2015 No. 718

Regulations on the size and procedure for distribution of means with their transfer to the special accounts opened in "Development Bank of the Republic of Belarus" open joint stock company for accumulation of money in Belarusian rubles and (or) foreign currency for the purpose of debt repayment before the republican budget

1. This Provision determines the size and procedure for distribution of money of borrowers on which credits there was concession of requirements to the Ministry of Finance according to the Presidential decree of the Republic of Belarus of June 24, 2015 No. 257 "About some questions of acquisition of assets of the banks created when crediting the organizations of the woodworking industry, and refining of limit of internal public debt" (The national legal Internet portal of the Republic of Belarus, 27.06.2015, 1/15866), with their transfer to the special accounts for accumulation of money in Belarusian rubles and (or) foreign currency (further - special accounts) opened in "Development Bank of the Republic of Belarus" open joint stock company (further - JSC Development Bank Republic of Belarus).

2. From the start date of execution by borrowers of obligations according to credit agreements established according to business plans of development taking into account date of transfer of assets, borrowers allocate for special accounts money in Belarusian rubles and (or) foreign currency from realization of goods by them (works, services), and also from other sources for debt repayment before the republican budget according to the signed credit agreements according to which there was concession of requirements to the Ministry of Finance according to the Presidential decree of the Republic of Belarus of June 24, 2015 No. 257, in the amount of established by Council of Ministers of the Republic of Belarus.

3. Borrowers for the purpose of fulfillment of requirements of Item 2 this provision together with JSC Development Bank Republic of Belarus determine current agreements with residents of the Republic of Belarus and agreements in foreign trade, including agreements with the organizations performing centralized export of products * on which money shall be allocated for special accounts, and provide introduction of changes in them regarding specifying of number of the special account.

______________________________

* For the purposes of this provision the organizations performing centralized export of products are understood as the organizations performing on its own behalf, but at the expense of borrowers realization of products made by them for export.

To the conclusion of new contracts with residents of the Republic of Belarus and agreements in foreign trade, including contracts with the organizations performing centralized export of products, borrowers together with JSC Development Bank Republic of Belarus determine need of the direction into the special account of money which will be received under these agreements.

4. The Council of Ministers of the Republic of Belarus no later than March 1 of year in which there come completion dates borrowers of obligations according to credit agreements annually determines for each borrower the size of money in the Belarusian rubles and (or) foreign currency which are subject to the direction within 12 months into special accounts.

At the same time the size of foreign currency cash shall be at least, than the size of obligations on debt repayment to the budget in foreign currency according to the signed credit agreements which need to be performed within 12 months, since April 1 of the current year (taking into account the size of obligations which completion date came).

 

Approved by the Resolution of Council of Ministers of the Republic of Belarus of August 27, 2015 No. 718

Regulations on procedure for realization of powers of "Development Bank of the Republic of Belarus" open joint stock company in case of asset management

1. This Provision determines procedure for realization of powers of "Development Bank of the Republic of Belarus" open joint stock company (further - JSC Development Bank Republic of Belarus) in case of asset management, acquired by the Ministry of Finance and transferred to JSC Development Bank Republic of Belarus to management according to the Presidential decree of the Republic of Belarus of June 24, 2015 No. 257 "About some questions of acquisition of assets of the banks created when crediting the organizations of the woodworking industry, and refining of limit of internal public debt" (The national legal Internet portal of the Republic of Belarus, 27.06.2015, 1/15866) (further - assets).

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