Government is liable for the NPP construction loan repayment

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April 22, 2016 18:06

The Ministries of Finance and Energy will be responsible for the use of the Russian loan provided for the construction of the nuclear power plant in Belarus.

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According to the agreement, the Ministry of Finance will transfer all funds of the loan (USD 10 billion) to a public institution “Construction management of the nuclear power plant”. This amount is intended to cover 90% of the costs of each contract with the Russian Atomstroyexport for the procurement of goods, works and services for the construction of two nuclear power units in Belarus. Moreover, the Ministry of Finances must pay interest, commission fees for servicing letters of credit, repay the loan itself, as well as make other payments connected to the loan from the funds of the national budget allocated for servicing and repayment of foreign debts. In turn, the Ministry of Energy has to ensure the implementation of contracts by the Russian partner, and guarantee the return of payments on the loan to the national budget during the period between April 1, 2021 and December 31, 2035.

Therefore, the country’s external debt will be increased by USD 10 billion, making its servicing even more costly for the budget. Moreover, given the current state of the enterprises of the Energy Ministry, it is not yet clear how the Ministry will pay back its share in interest and loan. Most likely, it will not and the Belarusian nuclear power station will become a Russian nuclear power plant in a distant future.

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President ensures continuity of state administration with young middle-level personnel
October 02, 2017 12:08
Image: BRSM.BY

President Lukashenka continues to rotate staff and rejuvenate heads of departments and universities following new appointments in regional administrations. Apparently, new Information Minister Karliukevich could somewhat relax the state policy towards the independent media and introduce technological solutions for retaining control over Belarus’ information space. New rectors could strengthen the trend for soft Belarusization in the regions and tighten the disciplinary and ideological control over the student movement in the capital.

President Lukashenka has appointed new ministers of culture and information, the new rector of the Belarusian State University and heads of three universities, assistants in the Minsk and Vitebsk regions.

The new Information Minister Karliukevich is likely to avoid controversial initiatives similar to those former Minister Ananich was famous for, however, certainly within his capacities. Nevertheless, the appointment of Belarusian-speaking writer Karliukevich could be regarded as the state’s cautious attempt to relax environment in the media field and ensure the sovereignty of national media.

The Belarusian leadership has consolidated the trend for mild Belarusization by appointing a young historian and a ‘reasonable nationalist’, Duk as the rector at the Kuleshov State University in Mogilev. Meanwhile, while choosing the head of the Belarusian State University, the president apparently had in mind the strengthening of the ideological loyalty among the teaching staff and students at the main university in order to keep the youth movement at bay. Previously, Korol was the rector of the Kupala State University in Grodno, where he held purges among the disloyal teaching staff.

The trend for the renewal of mid-ranking executives and their rejuvenation has confirmed. The age of the Culture Minister and three new rectors varies from 39 to 44 years old.

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