05 June 2011

BELARUS: Russian Led Group Loans $3 bn Over 10 Years.

BLOOMBERG

   Some breathing room for clench-fisted President Alexandre Lukashenko (above)...as the anti-crisis fund of the  Russian-led Eurasian Economic Community  loaned it $3 bn usd over 10-years.
   Belarus will not have to make payments on the loan principal for three years,
   It is still seeking a separate bail-out from the IMF.
   The ECC members are Russia, Belarus, Kyrgyzstan, Tajikistan, Kazakhstan and Uzbekistan.
   Russia contributed $7.5 billion to the fund.