Lukashenko abolishes minimum amount of export credits
<p> MINSK, Feb 5 - PrimePress. On 4 February Belarusian president Alexander Lukashenko on Feb 4, 2021 signed ordinance #39, which abolishes the minimum amount of export credits of no less than the equivalent of $200 thousand, the president’s press service said. </p> <p> </p> <p> Presidential ordinance #39 also provides for the possibility of Belarus Development Bank to provide export loans to residents of Belarus for the production of goods, works and services and their subsequent sale to non-residents in 2021-2022, as well as to use such financial instruments as factoring (assignment of monetary claims), post-financing and discounting of letters of credit in 2021-2022. </p> <p> </p> <p> Also, the decree provides for granting the right to insurance organizations the equity capital of which is not less than Br25 million ($9.48 million at the rate of the National Bank of Belarus) to insure export risks without attracting budget funds for insurance payments. End </p>
2021-02-06
Primepress
Lukashenko abolishes minimum amount of export credits
MINSK, Feb 5 - PrimePress. On 4 February Belarusian president Alexander Lukashenko on Feb 4, 2021 signed ordinance #39, which abolishes the minimum amount of export credits of no less than the equivalent of $200 thousand, the president’s press service said.
Presidential ordinance #39 also provides for the possibility of Belarus Development Bank to provide export loans to residents of Belarus for the production of goods, works and services and their subsequent sale to non-residents in 2021-2022, as well as to use such financial instruments as factoring (assignment of monetary claims), post-financing and discounting of letters of credit in 2021-2022.
Also, the decree provides for granting the right to insurance organizations the equity capital of which is not less than Br25 million ($9.48 million at the rate of the National Bank of Belarus) to insure export risks without attracting budget funds for insurance payments. End