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News Of The EAEU – Government Contracts, Procurement & PPP

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Belarusian banks will be able to issue independent guarantees to
participants of the Russian system of public procurements.

On July 12, 2022 the Russian government signed a Resolution
under the pilot project, according to which Belarusian banks will
be accredited to participate in the procurement of goods, works and
services to meet public and municipal needs in the Russian
Federation. Such banks include JSC “Belarusbank” Savings
Bank, JSC “Belvnesheconombank”, JSC “Belarusian Bank
for Development and Reconstruction “Belinvestbank”, CJSC
“VTB Bank (Belarus)” and CJSC “MTBank”
(hereinafter – the Belarusian banks) – on a voluntary basis.

Thus, Belarusian banks will be granted the right to issue
independent guarantees by Belarusian banks and to ensure their
inclusion in the corresponding register.

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.

POPULAR ARTICLES ON: Government, Public Sector from Belarus

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