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Lukashenko approves $ 500 million loan agreement with China


President of Belarus Alexander Lukashenko approved a draft agreement on providing a loan from China to Minsk in the amount of 3.5 billion yuan.

“I decide to attract in 2019 the external state loan of the Shanghai branch of the China Development Bank in the amount of 3.5 billion Chinese yuan,” RIA Novosti quotes a decree published on the national legal Internet portal.

It is noted that the loan term is five years.

It is also indicated in the text that the decree was adopted with a view to “paying off and servicing the state debt”.

Earlier, Alexander Lukashenko sent a congratulatory telegram to British Prime Minister Boris Johnson following the results of the country's parliamentary elections, which were won by conservatives.

Source: russiart

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Business 2019-12-16T09:34:32.342Z

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