Financial Times FT.com

Belarus asks Chávez for help on gas debt

By Isabel Gorst in Moscow and Richard Lapper in São Paulo

Published: August 2 2007 21:15 | Last updated: August 2 2007 21:15

Belarus has turned to Venezuela to help pay back a $456m debt to Russia for gas supplies after Moscow threatened to halve its gas deliveries, Alexander Lukashenko, Belarusan president, said on Thursday.

“I have instructed the government to reach into the reserve fund for $460m to pay Russia for gas. Hugo Chávez [the president of Venezuela] and our other friends can give us credits today. Even foreign commercial banks are prepared to lend to Belarus,” the Itar-Tass news agency quoted Mr Lukashenko as saying.

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