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Russia gives Belarus $1.5 billion loan

Christian Fernsby ▼ | September 15, 2020
Russia will provide Belarus with a loan of $1.5 billion, Russian President Vladimir Putin said during a meeting with Alexander Lukashenko in Sochi.
President Alexander Lukashenko
Belarus   President Alexander Lukashenko
The details of the new loan are being worked out by the finance ministries of the two countries, Putin said, without specifying from which sources the funds are planned to be allocated.

Topics: Russia Belarus

"Russia remains committed to all our agreements, including the agreements of the Treaty on the Union State and the Collective Security Treaty Organization. We consider Belarus as our closest ally and, of course, as I have repeatedly told you in telephone conversations, we will fulfill all our commitments," said Putin.