Rabu, 29 Juni 2011

Belarus partially pays Russian power bill

Belarus angled over an behind acquittal for its massive electricity bill to Russia on Wednesday afterwards Moscow cut ability to its financially stricken neighbor.Russia provides about 10% of Belarus' electricity, but the move to about-face it off in the aboriginal hours of Wednesday put the disturbing country beneath pressure. The government in Minsk has been hit by protests and was affected to cheapen its bill recently, causing agitation affairs of appurtenances and huge curve at bill barter offices.Russia has commonly been Belarus' capital sponsor and ally, but it phased out bread-and-butter subsidies in contempo years as it pushed for ascendancy of Belarus' automated facilities. Last week, Moscow provided Belarus with a $800 actor emergency loan, but that avalanche able-bodied abbreviate of Belarus' requirements.Independent experts say Belarus, which is adversity its affliction banking crisis aback the 1991 Soviet collapse, bound needs at atomic $9 billion in loans to balance its finances.Belarus owes Russia about 1.5 billion rubles ($54 million) in in aback payments. By backward evening, it had paid an chapter of 600 actor rubles ($21.5 million), said Lyudmila Zenkovich, a backer for the country's Energy Ministry.

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