The agreement between the Government of the Republic of Belarus and the Government of the Russian Federation on provision to the Government of the Republic of Belarus of the public export loan for construction of nuclear power plant in the territory of the Republic of Belarus

of November 25, 2011

The government of the Republic of Belarus and the Government of the Russian Federation which are hereinafter referred to as with the Parties

being guided by article 4 of the Agreement between the Government of the Republic of Belarus and the Government of the Russian Federation about cooperation in construction in the territory of the Republic of Belarus of nuclear power plant of March 15, 2011

agreed as follows:

Article 1 Amount and purpose of the credit

1. The Russian side grants to the Belarusian Side the public export loan at the rate to 10 billion US dollars for financing of 90 percent of cost of each contract (contract) between Atomstroyexport private company (Russian Federation) and public institution "Directorate of construction of nuclear power plant" (Republic of Belarus) on delivery of the goods, performance of works and rendering the services delivered, which are carried out and rendered by Atomstroyexport private company for the purpose of construction of 2 power units of nuclear power plant in the territory of the Republic of Belarus (daleecredit).

2. Advance payments constitute 10 percent of cost of each agreement (contract) for delivery of goods, performance of works and rendering services and are performed by the Belarusian Side in US dollars or in Russian rubles for benefit of Atomstroyexport private company.

Article 2 Use of the Credit

1. The credit is utilized by the Belarusian Side in 2011-2020.

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