Expert sees no cause for mass restructuring of Russian loans granted to Belarusian enterprises
<p> MINSK, Aug 14 - PrimePress. There are no grounds for massive restructuring of Russian banks’ loans to Belarusian enterprises, while a number of loans are secured by state guarantees, said Ivan Uklein, Bank Ratings Director at Expert RA. </p> <p> </p> <p> “At the moment, there are no grounds for massive restructuring. A number of loans to Belarusian enterprises are subject to state guarantees. The quality of relevant loans will depend on the prospects and timing of the political situation in the country,” Prime reports citing Uklein as saying. </p> <p> </p> <p> The expert added that if the situation does change, he does not rule out regulatory preferences of the Bank of Russia for restructuring such loans. </p> <p> </p> <p> As previously reported, mass protests started in Belarus following the Aug 9 presidential election, where Alexander Lukashenko was declared the winner with 80.08% of the vote. The riot police have been using firearms, rubber bullets, tear gas, water cannons and stun grenades to severely suppress peaceful protest rallies in the capital city and regional centres. One person died, hundreds were wounded, thousands were detained. Western countries has condemned Minsk for excessive use of force, the European Union is considering targeted sanctions after claims of widespread vote rigging and a fierce crackdown on protests. End </p>
2020-08-15
Primepress
Expert sees no cause for mass restructuring of Russian loans granted to Belarusian enterprises
MINSK, Aug 14 - PrimePress. There are no grounds for massive restructuring of Russian banks’ loans to Belarusian enterprises, while a number of loans are secured by state guarantees, said Ivan Uklein, Bank Ratings Director at Expert RA.
“At the moment, there are no grounds for massive restructuring. A number of loans to Belarusian enterprises are subject to state guarantees. The quality of relevant loans will depend on the prospects and timing of the political situation in the country,” Prime reports citing Uklein as saying.
The expert added that if the situation does change, he does not rule out regulatory preferences of the Bank of Russia for restructuring such loans.
As previously reported, mass protests started in Belarus following the Aug 9 presidential election, where Alexander Lukashenko was declared the winner with 80.08% of the vote. The riot police have been using firearms, rubber bullets, tear gas, water cannons and stun grenades to severely suppress peaceful protest rallies in the capital city and regional centres. One person died, hundreds were wounded, thousands were detained. Western countries has condemned Minsk for excessive use of force, the European Union is considering targeted sanctions after claims of widespread vote rigging and a fierce crackdown on protests. End