“The historical stage of relations”: Lukashenko approved 500 million loan from China


Recently сообщалосьhow the meeting between President of Belarus Alexander Lukashenko and Russian leader Vladimir Putin took place in Sochi, at which it became clear what Minsk wants from deep integration with Moscow. And it became known that Lukashenko approved a draft agreement on the provision by China of an urgent loan of Belarus in the amount of 3,5 billion yuan (about $ 500 million), calling this loan a new historical stage in relations between the two countries.


I decide to attract in 2019 an external state loan of the Shanghai branch of the China Development Bank in the amount of 3,5 billion RMB for a period of five years

- the text of the decree of the President of Belarus, which was published on December 14, 2019 on the national portal of legal information, says.

It should be noted that Lukashenko not only approved receiving an urgent loan, he also instructed the Ministry of Finance of Belarus to negotiate with the Chinese side, allowing changes to be made to the draft agreement if necessary, if they are not of a fundamental nature. That is, Belarusians need more money. It is specified that the decree was signed “in order to repay and service the state debt, maintain the gold and foreign exchange reserves of the Republic of Belarus, and also promote the development of bilateral trade between the Republic of Belarus and the People’s Republic of China”.

It should be recalled that in November 2019, the head of the Ministry of Finance of Belarus Maxim Ermolovich said that in 2019 his country plans to get about $ 500 million on credit from Beijing. Moreover, the Belarusians turned to the Chinese after they had difficulties in obtaining a state loan of $ 600 million from the Russians.
Photos used: https://belsat.eu/
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  1. Observer2014 Offline
    Observer2014 14 December 2019 10: 28
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    fellow Hurrah!!! Belarusians and Chinese are now brothers forever! laughing There, Belarusians have over the years, that father, with whom only brothers were not. laughing
  2. 123 Online
    123 (123) 14 December 2019 10: 36
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    A year on Chinese loans will last, then it will reach a “new historical stage” in relations with the IMF, then all that remains is to sell everything according to the Ukrainian scenario. What can’t you do if you don’t retire?
  3. gorenina91 Offline
    gorenina91 (Irina) 14 December 2019 12: 27
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    - Well, that's all ... ... - for China, $ 500 million is a trifle; but ... now Belarus cannot see ... a place in NATO ... -Yes, Belarusians will have to buy Chinese goods for these Chinese loans ... - and give different preferences and all kinds of "respects" to China ...
    1. commbatant Offline
      commbatant (Sergei) 16 December 2019 01: 00
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      Quote: gorenina91
      - Yes, and various preferences and all kinds of "Respect" to provide China ...

      They will pay with a block of shares of MZKT and BELAZ ...
  4. The comment was deleted.