Belarus, Ukreximbank to discuss loans for Belarusian merchandise in Ukraine

By bne IntelliNews September 2, 2015

The Belarusian government and the State Export-Import Bank of Ukraine (Ukreximbank) will negotiate on the terms of loans for the purchase of Belarusian merchandise in the neighbouring country, according to a draft agreement approved by the Belarusian cabinet and published on September 1.

The Finance Ministry and the Industry Ministry of Belarus have been authorised to hold the corresponding talks with Ukreximbank, the draft said.

The Minsk-headquartered state-owned Belinvestbank has been named an agent bank in the implementation of the conditions of the agreement, BelTA news agency reported.

Previously, in July, Belarus and Ukraine agreed that the use of the hryvnia in bilateral trade will be expanded. "Ukraine and Belarus will not use foreign currencies in bilateral payments, for example, the US dollar, but will expand the use of the hryvnia," Ukraine's deputy prime minister Gennady Zubko said at the time.

Related Articles

Finland gives final nod to construction of Nord Stream II

Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more

Iran could join Moscow-led EEU by May says Russian minister

Russia’s Energy Minister Aleksander Novak has said Iran could join the Eurasian Economic Union (EEU) by May, RT reported on March 10. Tehran has repeatedly lobbied Moscow over the past year to ... more

Agreements with Armenia highlight of uneventful EU Eastern Partnership summit

The EU and Armenia signed a comprehensive and advanced partnership agreement and a common aviation area agreement at the Eastern Partnership summit on November 24, according to an ... more