Фото: Беллегпром
The Council of Ministers of Belarus, under Resolution No. 83, has decided to continue state support in 2026 for RUE “Orsha Linen Mill” and Open Joint-Stock Company “Kamvol.”
This year, the budget will compensate Belarusbank for losses on a loan granted to RUE “Orsha Linen Mill” for the construction of service housing. The compensation will cover the difference between the National Bank refinancing rate increased by 3 percentage points and the loan rate of 5% per annum.
Orsha Linen Mill will also receive compensation for interest paid on a Chinese export loan in the amount of 100% of the loan rate. Reimbursement will be made in rubles at the National Bank exchange rate. The loan, amounting to 51.8 million dollars, was issued at the end of 2015 for a modernisation project.
The budget will also continue this year to pay interest on loans issued by Belarusbank to Open Joint-Stock Company “Kamvol” in the amount of 100% of the interest rate, but not exceeding 8% per annum.