Ministry of Finance of the Russian Federation
Ministry of Finance of the Russian Federation
27.05.2011

Statements of Deputy Head of the Government of the Russian Federation – Finance Minister of the Russian Federation A. Kudrin

 

Loans to Belarus contingent on privatization - Kudrin

NOVO-OGAREVO. May 27 (Interfax) - The privatization of major Belarusian enterprises is a condition for a EuraAsEc loan to Minsk, Deputy Russian Prime Minister Alexei Kudrin, who is also the Russian finance minister, told reporters.

"The thing is, privatization is one of the main sources of foreign currency, and foreign currency is needed to support the balance of payments and solve the foreign currency problems in Belarus," Kudrin said.

"Not privatizing would mean not getting this foreign currency and so not solving these problems, the Belarusian problems. So of course this [privatization] is one of the conditions for the loan being issued," he said.