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.

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