Belaruskali asks a deferral of the loan - Charter'97 :: News from Belarus - Belarusian News - Republic of Belarus - Minsk:
"Russia’s Sberbank in talks with Belaruskali about possibility of refinancing $1-billion loan.
Sberbank of Russia is in talks with Belaruskali about the possibility of refinancing a $1-billion loan owed by the Belarusian potash giant, Sberbank President German Gref told reporters in Moscow on Friday.
“We are considering the potential possibility of changing the loan repayment schedule,” Mr. Gref said. “The Belarusian side has reaffirmed its commitment to all obligations. They are temporarily in a difficult situation now because of the breakup of their alliance with Uralkali. I think the situation will gradually stabilize and they will be able to get back on track with the schedule. We are now in talks with them as to how we can change the schedule of payments.”"
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