Construction of a potash mining and processing complex in Belarus with a total value of $ 1.5 billion turned out to be under threat due to China’s refusal to list the loan balance. This is referring to the sources writes “Our Niva.”
According to the publication, 820 million dollars are already spent on the project, but since the end of June, work is not underway. The Chinese side froze another tranche in the amount of $ 103 million due to sanctions, which the United States and the EU introduced in relation to the republic.
The company agreed on the loan, which belongs to the Russian billionaire Mikhail Gutseriev. The latter came to American and European sanction lists for the support of the regime of the President of the country Alexander Lukashenko.
In addition, the sanctions were imposed on Belarusbank, through which Chinese money went to the project. “Slavokalia”, together with Minsk, is trying to negotiate with the Chinese, but unsuccessfully. As a result, the developers leave the platform. To convince them to take loans on their own under the guarantee of the repayment by their structures of Gutseriev failed.
previously it became known that Mikhail Gutseriev refused his share in Russneft. He gave shares to his brother Sayt-Salam Gutseriev. In June, he decided to leave the Board of Directors of the Company, where he served as chairman. For such actions, the billionaire went after the personal sanctions of the European Union.