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Serbia Will Ask Russia for ‘Budgetary Support’ Loan, Blic Says

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July 24 (Bloomberg) -- Serbia will ask Russia to switch part of a loan approved for railway upgrades into budget aid, Blic reported, citing Finance Minister-Designate Mladjan Dinkic.

Russia has approved $800 million for the rail upgrade and “we have signals that a part, worth a couple of hundred million dollars, will be transformed into budgetary support,” Blic cited Dinkic as saying.

To contact the reporter on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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