RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of June 28, 2016 No. 504

About provision of a guarantee for the Government of the Republic of Belarus in loan repayment and entering of amendments into some resolutions of Council of Ministers of the Republic of Belarus

According to the Presidential decree of the Republic of Belarus of June 8, 2016 "About modification and amendments in the Presidential decree of the Republic of Belarus" the Council of Ministers of the Republic of Belarus DECIDES: No. 198

1. Provide in 2016 to open joint stock company "Belarusbank savings bank guarantee of the Government of the Republic of Belarus in repayment of principal debt on the credit and interest for using by it (except for the percent paid for the account of means of the republican budget) issued by this bank in 2016-2018 to the republican production unitary enterprise "Plant of Newsprint" for financing of surplus of net working capital within the investment project "Creation of Production of Paper Basis for Decorative Facing Materials" in the amount of the 11th 818, in 2 thousand euros with collection of interest for using this credit in the amount of no more than 11 annual interest rates and 2019 of return of 31 December.

2. Determine that the payment for provision of a guarantee for the Government of the Republic of Belarus according to Item 1 of this resolution is made one-timely in the amount of percent 0,01 from credit amount.

3. Confer the personal responsibility for target use of means of the credit specified in Item 1 of this resolution, its timely repayment, interest payment for use of this credit for the director of the republican production unitary enterprise "Plant of Newsprint".

4. Make additions to the following resolutions of Council of Ministers of the Republic of Belarus:

4.1. subitem 5.2 of Item 5 of the resolution of Council of Ministers of the Republic of Belarus of December 11, 2013 No. 1057 "About some measures for implementation of the investment project by the republican production unitary enterprise "Plant of Newsprint" (The national legal Internet portal of the Republic of Belarus, 17.12. 2013, 5/38131; 17:06. 5/38992) to add 2014, with words", and for 2017-2024 - funds for payment of part of interest for using this credit in the amount of 50 percent of the rate on the credit determined in the credit agreement, in Belarusian rubles by the official rate of National Bank for date of their payment";

4.2. Item 10 of appendix to the resolution of Council of Ministers of the Republic of Belarus of January 27, 2016 No. 63 "About measures for realization by the organizations woodworking and pulp and paper industry of investment projects in 2016" (The national legal Internet portal of the Republic of Belarus, 30.01.2016, 5/41620) to add with line item

5. To the Ministry of Finance:

5.1. draw up in accordance with the established procedure the guarantee of the Government of the Republic of Belarus specified in Item 1 of this resolution after the conclusion of the credit agreement;

5.2. when forming drafts of the republican budget for 2017-2019 to provide funds for payment of part of interests on credit, specified in Item 1 of this resolution, in the amount of 50 percent of the rate on the credit determined in the credit agreement, in Belarusian rubles by the official rate of National Bank for date of their payment.

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

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