Lukashenko asked Russia for a loan “in connection with the pandemic”
Alexander Lukashenko asked Russia to provide a new loan through the Eurasian Development Bank. The loan is needed to restore the economy after the pandemic – due to the fact that the IMF refused to give Minsk funds earlier, Lukashenko said.
If the Russians helped us additionally through the Eurasian Bank <…> they would be grateful. Exclusively due to the pandemic. <…> The IMF allocated us a billion dollars, but our “runaways” raised a howl: it is impossible to give money to the regime. And this money under the covid, we have already spent one and a half billion dollars on the treatment of people.
Belarus asked for a loan from the IMF in the amount of $ 940 million to combat the consequences of the coronavirus in April 2020. In the summer of the same year, Lukashenko claimed that he had refused the loan because of additional conditions: the IMF, he said, demanded tougher anti-coronavirus measures in the republic, in particular, the introduction of a lockdown.
At the end of 2020, Russia provided Belarus with a $ 1.5 billion loan. Lukashenka agreed with Putin about it in September at a meeting in Sochi – the first since the presidential elections in Belarus. Especially in order to make it possible to allocate this money, the Tax Code was changed in Russia .