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Belarusian banks will be able to issue independent guarantees to participants of the Russian system of public procurements.
Belarus Government, Public Sector
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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.

http://government.ru/news/46007/#

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News Of The EAEU

Belarus Government, Public Sector

Contributor

GRATA International is a dynamically developing international law firm which provides services for projects in the countries of the former Soviet Union and Eastern Europe. More than 28 years 250 professionals in 19 countries advise major international and local firms. GRATA is recognised by Chambers & Partners, Legal 500, IFLR1000, WWL, Asialaw Profiles. GRATA is recognised by Chambers & Partners, Legal 500, IFLR1000, WWL, Asialaw Profiles.
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