Russia Okays USD 800 M Loan to Serbia
Russia signed an USD 800 M export credit deal with Serbia on Friday and is in talks over a possible USD 1 B loan to Belgrade in 2013 to stabilize its budget.
Russia will loan Serbia the USD 800 M as an export credit for modernization of Serbia's rail system.
"We have agreed to grant Serbia credit for developent of its infrastructure, primarily its rail system," Russian Finance Minister Anton Siluanov said, as cited by RIA Novosti.
The five-year credit will be granted at 4.1% annual interest.
"We agree to meet in a couple of weeks, because we need to work out with business our possible participation in privatizations in Serbia," Siluanov said in reference to the future billion loan talks.
- » Manchester Arena explosion: Children Among 22 Killed by Suicide Bomber After Ariana Grande Concert
- » Ariana Grande Concert: Deaths After Reported Blast
- » Erdogan Elected Leader of Turkey's Ruling Party
- » Theresa May: 'No time to Waste' as Brexit Talks Will Start Just 11 Days After the Election'
- » Romania Аpproves Financial Support for Holocaust Survivors
- » Swedish Prosecutors to Decide on Lifting Assange Warrant