Shklou Adventure of Lukashenka's Friend to Be "Saved" with People's Money

The government will grant the credit guarantee to oligarch Shakutsin.

In 2017 the Council of Ministers will provide guarantees for Belagroprombank in repayment of loan principal and interest for using the loan issued to ZAO Amkodor Shklov.

Corresponding decision №324 was taken on May 2, myfin.by informs.

The loan equals to 14.07 million rubles with an interest of 3% per annum, the maturity date is April 1, 2029.

The money will be spent on the construction of a milk production plant for 750 cows with the cultivation of rearing stock for 800 cattle stalls in the OAO Novoye Yubilejnoye, Slizhy village, Shklouv district.

The payment for submission of guarantees performs a one-time payment of 0.1% on the amount of loans.

The decision comes into force from the date of its adoption.

It will be recalled that ZAO Amkodor Shklov is part of the Amkodor holding. Its Director General is Aliaksandr Shakutsin, businessman of the Lukashenka's inner circle.