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Bloomberg Quicktake: Now published this video item, entitled “Putin Hosts Lukashenko on His Yacht as Russia Pushes Ahead With $500 Million Loan to Belarus” – below is their description.
Russia will release $500 million from a previously agreed loan to Belarus after talks between the country’s leaders, in a sign of support for its closest ally after the forced landing of a Ryanair Holdings Plc jetliner and the arrest of a dissident sparked a new wave of tensions between Minsk and the West.
Vladimir Putin and Belarusian President Alexander Lukashenko discussed the plane incident in detail during “quite constructive” talks Friday and Saturday, Kremlin spokesman Dmitry Peskov said on a conference call. He dismissed the European Union’s reaction — including a recommendation to airlines to stop flying over Belarus and plans for new sanctions on the country — as “based on emotions.”
Russia will look for ways to expand air service with Belarus to make up for some of the routes affected by the EU’s limits on Minsk’s state airline, Peskov said.
The $500 million — to be released in the near future — is part of $1.5 billion in loans that was agreed last year and had been expected by the end of next month. Lukashenko didn’t ask for further assistance, Peskov said, but the two leaders did discuss closer tax and customs cooperation.
In their second day of talks, they went sailing on the Black Sea, Peskov said. The presidents held an informal meeting on a yacht off the resort of Sochi.
Footage of the meeting shows the leaders talking, looking out at dolphins in the sea and being joined for lunch by Lukashenko’s son, Nikolai.
The U.S. administration announced it would re-impose sanctions against nine Belarusian state-owned enterprises late Friday, and is developing additional penalties to target government officials.Bloomberg Quicktake: Now YouTube Channel
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In This Story: Alexander Lukashenko
Alexander Grigoryevich Lukashenko or Alyaksandr Ryhoravich Lukashenka is a Belarusian politician, who has served as president of Belarus since the establishment of the office 26 years ago, on 20 July 1994.
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Russia spans more than one-eighth of the Earth’s inhabited land area, stretching eleven time zones, and bordering 16 sovereign nations. Moscow is the country’s capital.
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Ryanair DAC (LON: RYA) is a European Low-cost airline founded in Ireland in 1984. It is headquartered in Swords, Dublin, with its primary operational bases at Dublin and London Stansted airports. It forms the largest part of the Ryanair Holdings family of airlines, and has Ryanair UK, Buzz, and Malta Air as sister airlines.
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