Agreement between the Government of the Republic of Belarus and Government of the Russian Federation on provision to the Republic of Belarus of public credit
of November 13, 2008
The government of the Republic of Belarus and the Government of the Russian Federation which further are referred to as with the Parties for the purpose of further strengthening of friendship between two states, agreed as follows:
The Russian side will provide to the Belarusian Side in 2008 the public financial loan in the amount of 1000 million US dollars (further - the credit).
The loan is granted by the Russian Side according to the procedure, established by the legislation of the Russian Federation, on condition of accomplishment of obligations by the Belarusian Side on interest payment and repayment of principal debt on the public credits which are earlier granted by the Russian Side.
Means of the loan granted according to this agreement on condition of accomplishment of provisions of Article 2 of this agreement by the Belarusian Side are listed by the Russian Side till December 31, 2008 into the currency account (in US dollars) the Ministries of Finance of the Republic of Belarus in National Bank of the Republic of Belarus. Date of use of the credit date of transfer of borrowing facilities on correspondent account of National Bank of the Republic of Belarus is considered.
The Belarusian Side repays the used credit granted according to this agreement, way of money transfer in US dollars 40 equal quarterly shares on March 15, on June 15, on September 15 and on December 15 every year and the first payment will be made on March 15, 2014, and the last - on December 15, 2023.
1. The Belarusian Side pays to the Russian Side for use of the credit percent on LIBOR rate for 3-month deposits in US dollars plus margin in the amount of 3 (three) annual interest rates.
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