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Lukashenko: Chinese loans will help Belarus overcome global crisis
LYUBAN, 11 September (BelTA) – Belarus President Alexander Lukashenko is convinced that Chinese loans will help Belarus overcome a difficult period of the global crisis. The head of state made the statement at the ceremony held on 11 September to start building the Nezhinsky mining and processing complex by IOOO Slavkaliy, BelTA has learned.
“You know that we are going through a rather difficult period. It is not a catastrophe, but we should not stand still,” the head of state noted. He said that the the recent meetings with Chinese top-raking officials confirmed that Belarus will get $3 billion of preferential loans and $4 billion of commercial loans. Apart from that, this mining and processing plant will be built using $2 billion of Chinese loans. This is a good investment, Alexander Lukashenko believes.
“This $7 billion should be used in a difficult time. The loans should help us stay afloat in the crisis years,” Alexander Lukashenko noted. The President said that he had instructed the government to prepare a list of projects which can utilize these Chinese funds. These projects should be efficient and highly-profitable.
The Belarusian President stressed that Chinese friends have once again promised to support Belarusian projects.
Alexander Lukashenko pointed out the importance of the fact that Belarus has become the main platform for implementing the Chinese Silk Road project in Europe.
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