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Belarus Asks Russia for $3 Billion Loan, Says Finance Minister

Russia's President Vladimir Putin (R) welcomes Belarus' President Alexander Lukashenko during a meeting in Ufa, Russia, July 8, 2015.

UFA — Belarus has asked Russia to provide a $3 billion loan, and on Thursday the Russian government will decide on providing Belarus with a $760 million tranche of an earlier approved credit line, Russian Finance Minister Anton Siluanov said Thursday.

Siluanov told journalists at a BRICS summit in the Russian city of Ufa that the decision on the new $3 billion loan was not yet taken but that he expected the government to approve the $760 million tranche.

"In July we will give them [Belarus] this money," Siluanov said, referring to the $760 million sum.

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