Support The Moscow Times!

VEB in Talks With Belarus

Russian state development bank VEB may extend a $500 million loan to Belarus to help finance the construction of a new nuclear power plant, the bank said Thursday.

"We expect the work [on the loan deal] to conclude within two months," said Pavel Kallaur, head of VEB's Belarussian subsidiary. "The interest rate will be slightly below the market one."

Russia, whose companies will build the power plant, has promised to lend Belarus $10 billion to finance the project, but the former Soviet republic needs additional funds to make prepayments for some of the work.


… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more