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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of November 18, 2016 No. 937

About provision of a guarantee for the Government of the Republic of Belarus in loan repayment and introduction of amendments to the resolution of Council of Ministers of the Republic of Belarus of February 8, 2016 No. 103

According to the Law of the Republic of Belarus of December 30, 2015 "About the republican budget for 2016", the Presidential decree 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 by banks of the Republic of Belarus" and also for the purpose of ensuring timely implementation of the project by Belgorkhimprom open joint stock company on "turnkey" construction of Garlyksky mining and processing works in Turkmenistan and optimization of crediting by banks and "Development Bank of the Republic of Belarus" open joint stock company of state programs and actions the Council of Ministers of the Republic of Belarus DECIDES: No. 359

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 this credit issued by this bank to Belgorkhimprom open joint stock company for financing of construction of Garlyksky mining and processing works in Turkmenistan in the amount of 25 million US dollars for the term of no more than one year with collection of interest for using this credit in the amount of 8 annual interest rates.

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

The guarantee of the Government of the Republic of Belarus is provided in currency of the issued credit.

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