We’re talking about a loan of €200 million.
Moldovan Prime Minister Ion Kiku called it a political adventure of the opposition’s attempt to block the Russian loan of €200 million. During a briefing on Monday, he said that in this case the republic will have to significantly reduce spending.
«If this credit agreement is cancelled, the government will have to cut the budget by 4 billion lei (about €200 million). Those who started this political adventure will be held responsible for this, , — Kiku said.
The Constitutional Court of Moldova will consider the legality of the loan agreement on May 7. At this meeting will be discussed three appeals, which were sent to the court by representatives of pro-European opposition parties. They believe that the agreement with Russia violates the Constitution of Moldova and contradicts the national interests.
Russia agreed to provide Moldova with a credit at the request of its President Igor Dodon. The agreement on its granting was approved by the government and ratified by the Moldavian parliament. According to the document, €200 million is planned to be transferred to the republic in two tranches of €100 million. The first tranche — no later than 30 calendar days from the date of entry into force of the agreement, the second — no later than October 31, 2020. The money was provided for budget support for 10 years at 2% per annum.
Earlier, Dodon said that a loan from the Russian Federation, as well as $235 million from the International Monetary Fund (IMF) will allow to cover the unplanned budget costs associated with the implementation of measures to combat the pandemic disease caused by coronavirus.