Insurance of the Risk of Default and/or Arrears on Export Credit to Non-Residents

The financial support for exports is implemented in frameworks of the Decree of the President of the Republic of Belarus No. 534 dated August 25, 2006 “On promoting the development of exports of goods (works, services)”, through financing provided by:

1.     Development Bank of the Republic of Belarus and banks (Resolution of the Council of Ministers of the Republic of Belarus No. 249 dated April 23, 2021):

• To residents (excluding leasing companies) for the production of goods included in the list (Resolution of the Council of Ministers of the Republic of Belarus No. 262 dated May 5, 2021) and other goods (works, services) for its subsequent export sale (Insurance of the risk of non-repayment of export credit extended to resident entities)
• To residents (excluding leasing companies) (hereinafter – ‘manufacturer organizations’) for the production of goods included in the list specified by the Council of Ministers of the Republic of Belarus (hereinafter – ‘goods included in the list’), and other goods (works, services) and its subsequent sale:

  -To residents authorized to sell goods included in the list and other goods (works, services) of manufacturer organizations, or to participants of the holding company that includes the manufacturer organizations (hereinafter – ‘selling organizations’), for the subsequent sale of goods included in the list and other goods (works, services) to non-resident organizations;

  -To non-resident organizations, based on agency agreements, commission agreements, and other similar civil law agreements concluded with the selling organizations;

• To selling organizations for non-resident organizations to sell goods included in the list and other goods (works, services):

  - Acquired by the selling organizations from the manufacturer organizations;

  - Received by the selling organizations under agency contracts, commission contracts, and other similar civil law contracts, concluded with the manufacturer organizations.

• To non-resident organizations (excluding foreign banks) for the payment of goods included in the list and other goods (works, services) sold (being sold) by residents of the Republic of Belarus (Credit to the Importer);

2.     Development Bank of the Republic of Belarus

• To leasing companies – residents of the Republic of Belarus – for the acquisition of goods included in the list and other goods from residents to be transferred under lease or sale to non-resident organizations (Insurance of the risk of non-repayment of export credit provided to residents);
• To non-resident organizations, to make customs payments (taxes, fees, duties) in the importing country;
• To non-resident organizations for the payment of goods included in the list and other goods, sold (being sold) by non-resident organizations (Credit to the Buyer);
• To foreign banks for financing the payment by non-resident organizations for goods included in the list and other goods (works, services) sold by the Belarusian exporters; for customs payments (taxes, fees, duties) in the importing country; for the payment of goods included in the list and other goods sold (being sold) by non-resident organizations;
• To residents, including leasing companies, non-resident organizations and foreign banks to reimburse insurance premiums under export credit insurance contracts on behalf of the government to the Development Bank of the Republic of Belarus, concluded by providing export credits by the Development Bank of the Republic of Belarus. 

Financing conditions: