Draft agreement on Russian loan of $1.5 bln to Belarus in final stage of preparation - Belarusian PM

MOSCOW. Aug 9 (Interfax) - A draft agreement on the allocation of a $1.5 billion Russian loan to Belarus for the implementation of import substitution projects is at its final stage, Belarusian Prime Minister Roman Golovchenko was quoted as saying by government newspaper SB. Belarus Today.

"A draft agreement on a $1.5 billion loan with the Russian side is at the final stage. Seven projects, recognized by the parties as urgent and worth $330 million will be launched by the end of the year. The projects are aimed at import substitution in the Union State," Golovchenko said at a government meeting on the work of the economy under sanctions.