Russia transfers USD 300mn to Serbian budget

BELGRADE -- The government of the Russian Federation transferred USD 300 million worth of financial support to the Serbian state budget.

A view of Moscow (Beta/AP, file)
A view of Moscow (Beta/AP, file)

This was announced on Wednesday in Belgrade by the Serbian Ministry of Finance and Economy.

The Serbian government and the government of the Russian Federation signed an agreement on the loan worth USD 500 million for the support to the budget in April.

The loan was granted with the maturity period of ten years and grace period of two years, with the fixed interest rate of 3,50 percent annually.

The funds were transferred to Serbia on Tuesday, the Ministry of Finance and Economy specified.