OAO Belgazprombank will act as an agent bank to secure the execution of an agreement between Belarus government and Gazprombank on financing Belarusian exports to Russia.
In accordance with Belarus government resolution No. 769 dated September 27, Belgazprombank will charge a fee of up to 0.02% of the amount to be compensated by Belarus at the expense of the national budget.
OAO Belgazprombank was founded in 1990 and is the authorized bank of Gazprom’s group in Belarus. Russian Gazprom and Gazprombank control 49.66% each in Belgazprombank. OAO Beltransgaz controls 0.49% in Belgazprombank and the State Property Committee of Belarus has a 0.18% stake. (Prime-TASS/Business World Magazine)
