Russian finance min. to propose granting Belarus $1.5 bln loan
Russian Finance Minister Alexei Kudrin said Friday his ministry would submit to the government a $1.5 billion loan proposal for Belarus later in July.
Kudrin denied allegations that Russia had received a request to increase the loan to $2 billion. “We have not received any other proposals,” the finance minister said. “We were [initially] requested to grant $1.5 billion.” Late in June Russian Prime Minister Mikhail Fradkov said Russia would consider issuing a loan to Belarus for gas purchases as part of a program to maintain market relations in energy supplies.
Russia increased its gas price for Belarus from $47 to $100 per 1,000 cubic meters from the start of 2007. However, with Minsk paying almost half the price for gas ($55 per 1,000 cubic meters), the Belarusian debt had climbed to $400 million by late May. (rian.ru)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.