Russia will grant to Belarus a $100 million loan

Russia will give Belarus a $100 million loan to create a national currency stabilization fund and maintain the payment balance, Russian Prime Minister Mikhail Kasyanov has told journalists. Commenting on a meeting of the Russian-Belarussian union state's Council of Ministers, held in Moscow on Tuesday, he said that the loan will be repayable and that $30 million will be released as early as December 2000. This credit is envisioned in the draft agreement between the Russian and Belarus governments and central banks, Moscow Echo announces. The decision on signing the agreement is expected to be made by the union state's Supreme State Council in Minsk on November 30.

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