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The government has taken measures to support exports, BelTA reported.

This is provided by the Resolution of the Council of Ministers of May 5, 2021 No. 262 “On Export Support and Insurance”, BelTA informs with reference to the National Legal Internet Portal .

The document defines the procedure for granting export credits by the Development Bank, the procedure and amount of compensation for its losses, the procedure for post-financing and discounting letters of credit, financing against the assignment of a monetary claim (factoring) in the implementation of export contracts.

According to BelTA, the legal act also establishes a list of goods for the production and purchase of which, in accordance with Decree No. 534 dated August 25, 2006, export credits are provided, post-financing and discounting of letters of credit are carried out.

In addition, forms of information on the amounts of accrued interest for the use of export credits, export risk insurance contracts, including those with state support, as well as information on the amounts of accrued remuneration under factoring and insurance contracts have been determined.