Russian lender Sberbank is in talks with Belarus to offer advice regarding its proposed privatization program, The Wall Street Journal reports. Belarus is planning to raise $7.5 billion through the sale of state property within the next three years.
The privatization plan was a condition behind a $3 billion bailout loan provided by a Russia-led stabilization fund to Belarus. Sberbank is arranging a loan for a Russian bidder for the sale of Belarus’ fertilizer company Belaruskali.
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