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“EIB financing for this project has been suspended. The Belarusian government is looking for additional sources of financing,” the grodnonews.by portal quoted the governor of the Grodno region as saying.
In July 2019, the EIB and the Belarusian government signed a € 110 million contract. A 29-year loan contract for the reconstruction of the M7 motorway and an increase in the capacity of the border checkpoint with Lithuania.
The implementation of the project is expected to increase Belarus’ transit possibilities, and the capacity of the Kamennij Log checkpoint on the border with Lithuania will increase four times to 2,000 cars per day.
Earlier, the European Bank for Reconstruction and Development (EBRD) also announced the freezing of cooperation with Belarus, whose government cynically ignores democratic principles.
In Belarus, political unrest has continued since the presidential elections on August 9, which were declared the winners by the country’s long-time authoritarian leader, Alexander Lukashenko. The opposition and western democracies consider these elections to be rigged.
Despite the European Union’s crackdown on protesters in a string of Belarusian officials and state-owned companies, Lukashenko and his comrades are firmly committed. Since 1994, 10 million. the leader of the country with an iron fist claims to have endured a “revolution” promoted by the West.
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