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Belarus to get $200M loan from Russia within one month

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Belarus will receive a sixth tranche worth of $200 million, which 'got somewhat stuck' in Moscow, from the Eurasian Fund for Stabilization and Development in the course of one month, according to Eurasian Bank of Development deputy chairman Andrei Krainiy, reports tut.by.

The tranche is issued under 1% - less than at the market, the banker said. The terms of the seventh tranche are yet to be approved.

Under Russia's loan, Belarus was to receive $2 billion in seven tranches. Minsk has already got $1.6 billion and hoped to receive the sixth tranche in late 2017 and seventh in early 2018. However, the schedule of instalments was not kept and the money is yet to arrive in the country.