Decision made to allocate $1.5bn Russian loan to Belarus for import substitution

Russia has decided to allocate a $1.5bn loan to Belarus in order to implement projects in the field of import substitution and development of relevant industries – as the Deputy Prime Minister of the Russian Federation, Aleksei Overchuk, told RIA Novosti at the 2nd Caspian Economic Forum in Moscow

Photo: www.tass.ru

As already reported, President Aleksandr Lukashenko said in June this year that Russia would allocate about $1.5bn to Belarus for participation in import substitution programmes. Belarus’ Prime Minister Roman Golovchenko noted then that the sum of the loans allocated to finance joint import-substituting projects in the field of industry can be increased.