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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of November 30, 2016 No. 981

About compensation of losses from provision of export loans

According to the Presidential decree of the Republic of Belarus of August 25, 2006 "About assistance to commodity export development (works, services)" the Council of Ministers of the Republic of Belarus DECIDES: No. 534

1. Offset in 2017-2018 losses from provision of export loans within the means provided on these purposes in the republican budget for these years on condition of insurance of export risks with support of the state:

1.1. to Belagroprombank open joint stock company in connection with provision to Brest Electrolamp Plant open joint stock company of export loan in the amount 3 499 897, the 06th US dollar issued on commercially oriented interest rate (CIRRs) according to the credit agreement of March 5, 2015 to No. 19;

1.2. to Belvneshekonombank open joint stock company in connection with provision to the production unitary enterprise "Plant of Electronics and Household Appliances Horizon" of the export loan in the amount of 1 394 110 US dollars issued on commercially oriented interest rate (CIRRs) according to the credit agreement of September 28, 2015 to No. 35020-k15-006;

1.3. to open joint stock company "The Belarusian development bank and reconstruction Belinvestbank in connection with provision to the production unitary enterprise "Plant of Electronics and Household Appliances Horizon" of export loans in the amount:

2 300 000 US dollars, No. 1/0028/2014 issued on commercially oriented interest rate (CIRRs) according to the credit agreement of December 5, 2014;

2 471 884, 94 US dollars, No. 26/2015 issued on commercially oriented interest rate (CIRRs) according to the credit agreement of September 15, 2015.

2. To the Ministry of Finance to conclude with open joint stock companies "Belagroprombank", "Belvneshekonombank" and "The Belarusian development bank and reconstruction Belinvestbank agreements on compensation of losses from provision of the export loans specified in subitems 1.1-1.3 of Item 1 of this resolution.

3. This resolution becomes effective after its official publication.

Prime Minister of the Republic of Belarus

A. Kobyakov

 

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