Dinkic agrees on Russian loan of USD 500 million

Serbia has accepted Russia’s offer for a $500 million loan to support the budget, the Belgrade Blic daily newspaper reported, citing Finance Minister Mladjan Dinkic.

The 10-year loan, with a two-year grace period, carries a fixed interest rate of 3.5 percent, Dinkic said, adding that Serbia has no plans to issue a new Eurobond any time soon. The loan agreement will be signed next week in Moscow, he said.