Russia to open Serbia 5-yr, $800 mln credit line at 4.1%

Home > Newsroom > Top Stories > Russia to open Serbia 5-yr, $800 mln credit line at 4.1% - Siluanov

Russia to open Serbia 5-yr, $800 mln credit line at 4.1% - Siluanov

MOSCOW. Nov 23 (Interfax) - The Russian government has decided to open for Serbia a five-year credit line of $800 million at 4.1% per annum, Finance Minister Anton Siluanov told the press.

"The credit has been ready since 2009, and now the government has decided on a credit, but tied, of $800 million for five years starting with the current year. The rate - 4.1% per annum," the finance minister said.

Siluanov said that this tied credit is offered for the support of Serbian infrastructural projects involving the building of new railway lines, the overhaul and production of locomotives.