By IANS/RIA Novosti,
Minsk : China will lend Belarus more than $1 billion for financing cooperation projects, according to Chinese Vice President Xi Jinping.
An additional amount of $7.5 million will be given in non-repayable financial aid, Xi said Wednesday during his visit to Minsk.
“The Chinese side will provide Belarus with $1 billion in loan on favourable terms, which will be used to finance cooperation projects, agreed by the two states,” he said.
“The Chinese government has also resolved to provide Belarus with 60 million yuan ($7.5 million) in non-repayable aid,” the Chinese vice president said.
Xi said the two states should boost scientific and military cooperation.
Belarus and China are set to strike commercial deals worth $3.4 billion, and talks are on for more joint projects in energy, telecommunications and car production.
The two governments have already signed a deal to boost bilateral trade and economic cooperation during the Chinese vice president’s visit.