Latest News:  
Beijing   Sunny/Cloudy    31 / 22   City Forecast

Home>>World

Belarus wants Russia to ease 2-billion-dollar loan conditions

(Xinhua)

09:54, August 30, 2011

MINSK, Aug. 29 (Xinhua) -- Belarus wants Russia's Sberbank to ease the terms on a 2-billion-U.S dollar loan for the country's top potash miner Belaruskali, Belarusian Prime Minister Mikhail Myasnikovich told local media on Monday.

"We are working on changing the conditions, including the right to repay it ahead of schedule. We think that this loan may be secured on export contracts," Myasnikovich said.

Sberbank insisted the loan should be secured by Belaruskali's shares, he said. Earlier Belaruskali General Director Valery Kirienko said Minsk was unlikely to accept the conditions. According to him, the conditions of the 2-billion-dollar loan proposed by Sberbank and Deutsche Bank do not suit the Belarusian contingent.

The banks are only prepared to grant a loan if it is secured with a 35-percent stake in Belaruskali. "Under the conditions offered by the Russian side I am sure that our government will not agree to accept the loan," said Kirienko.

Experts said the loan to state-owned Belaruskali was seen as one of the ways to boost Belarusian economy, which is facing a financial crisis after last year's presidential elections resulted in increased budget spending and left Minsk short of cash.


Email|Print|Comments(Editor:梁军)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Liu Xiang regains honor at Daegu worlds

  2. Fujian alerted as typhoon approaches

  3. Shoton Festival kicks off in Lhasa

  4. Afghan shopkeepers sell sweets, dry fruits

Most Popular

Opinions

  1. Message from Manila as Aquino III visits
  2. Economic storm casts pall on Sarkozy's China visit
  3. US may face tough sell on quantitative easing
  4. Asia to lead global economy out of crisis
  5. Europe threatened with banking casualties
  6. Two years of Chinese Weibo, highs, lows and all
  7. China to allow foreign direct investment in RMB
  8. French president makes unexpected visit to China
  9. Reflect on negative effects of Libya war

What's happening in China

Marriage law ruling may
help home sales

  1. Demolition order strikes home
  2. Death toll rises to 18 in bus-truck crash in N China
  3. China arrests over 900 in tainted pork crackdown
  4. More cities impose housing purchase limits
  5. For today's SUV buyers, small is good

PD Online Data

  1. The Yi ethnic minority
  2. The Salar ethnic minority
  3. The Tu ethnic minority
  4. The Pumi ethnic minority
  5. The Naxi ethnic minority