"China was the only country that provided Belarus with loans for industrial enterprises. Both loans and direct investments were injected into these 27 projects. The point is that over these years no other country provided financing for industrial development projects," Nikolai Snopkov said. "These projects contributed a quarter of Belarus' GDP and 2-2.5% every year. That speaks volumes about our relationship with China."
Nikolai Snopkov reaffirmed that Belarus will continue to cooperate with China in terms of industrial development, including with the use based on China’s credit lines that are favorable and the most convenient for our country under the current situation both by terms and interest rates.
