Updated at 20:54,07-12-2016

Yermakova: Russian credit will be spent on economy modernization

The head of the National Bank has explained how the Russian money will be used.

The Russian $2bn credit will not be used to fill the gold and foreign currency reserves (because "it is not needed"). It will be spent on the modernization of the Belarusian economy.

Nadzeya Yermakova did not exclude that Belarus would receive another tranche of the EurAsEC Anti-Crisis Fund in April – $440 million, BelaPAN reports.