Russia will allow Belarus to postpone debt payments totalling $1.4 billion for 10 years, while also setting a fixed interest rate, according to draft laws approved by Russian lower house of parliament, or Duma, on Tuesday.
At the start of the year, Belarus has asked Russia to restructure and refinance Minsk's 2022 debt obligations and Moscow would move all payments, redemptions and debt servicing due between March 2022 and April 2023 to 2028-2033, Timur Maksimov, Russian deputy finance minister, told Duma.
