Russian-Led Fund to Disburse Belarus $440 Million Next Month
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Belarus won approval to get the second tranche of a bailout from the Eurasian Economic Community fund three days after striking a gas pricing deal with Russia and agreeing to sell its pipeline network to OAO Gazprom.
The payment of $440 million from the Russian-led group’s anti-crisis fund will be disbursed next month after “serious steps” taken by the former Soviet republic to combat its economic turmoil, acting Russian Finance Minister Anton Siluanov told reporters in Moscow today.