Putin gives Lukashenko $19 million and defers loan payments for two years

Russia is once again extending a financial helping hand to self-proclaimed president of Belarus Alexander Lukashenko.

In the next two years, Minsk will be able to not pay Russia $906 million in installments for the loan provided for the construction of the Belarusian nuclear power plant. According to Interfax, the relevant protocol was ratified by the Russian Federation Council.

Under the new terms, Minsk’s payments to Russia will be reduced by 3.5 times, to 370.8 million dollars.

The Belarusian government is allowed to repay the deferred amount over 14 years, from 2023 to 2037.

At the same time, the Kremlin will simply give part of the loan to Lukashenko by lowering the interest rate.

“The total amount of revenue to the federal budget under the agreement will be reduced by $19.3 million to $7.927 billion,” reads the protocol’s addendum.

The loan restructuring agreement was signed last summer. Belarus ratified it at the end of October, and Russian ratification took place three weeks after Lukashenko’s visit to Sochi.

According to Kommersant, the Belarusian president intended to ask Vladimir Putin for a new loan of $3 billion in addition to the funds already allocated to the Belarusian nuclear power plant.

Moscow, according to Kommersant’s sources, is ready to give Minsk up to $3.5 billion dollars, provided that Lukashenko launches the Constitutional reform and expands integration with Russia, including preparation for the introduction of the single currency.

(c) UAWire

5 comments

  • “Russia is once again extending a financial helping hand to self-proclaimed president of Belarus Alexander Lukashenko.”

    Nope, Russia is purchasing Belarus in installments. I’m sure Luka will be given a job in the Kremlin, cleaning the shithouse.

    Liked by 7 people

    • It seems that this putler puppet is going nowhere, now that he has conceded even more power to the tiny poisoner. What’s the betting he’ll still be around for the next sham election?
      Speaking of sham elections, the ‘Georgia Dream’ (in reality the putlerstani dream) skanked their election last year without a murmur from the west. It exploited a bogus pro-west narrative, but without any action plan, since Ivanishvili is owned, bought and paid for by putlerstan. They are smart enough to know that the Georgian people are overwhelmingly pro-west, so they deploy deception, lies and trickery.
      Prof Brian Whitmore speculates that like Medvedchuk, Bidzina
      Ivanishvili is merely the custodian of someone else’s mega-fortune.
      Ivanishvili cronies have now taken over the judiciary and key functions of government.
      Soon Georgia will be no different from Belarus and Armenia. Georgia’s long suffering people have been horribly betrayed by the west and left to fend for themselves.

      Liked by 7 people

    • Just like Yanukobytch, Luka is borrowing $3 billion before he runs back home to Moskovia.

      Liked by 6 people

  • onlyfactsplease

    This proves that Lukashenko has allowed himself to be reduced to a very cheap whore … a streetwalker that’ll give head to the dwarf behind a dive gay bar.

    Liked by 7 people

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