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Moldova seeking $300 mln loan from Russia for infrastructure projects - Dodon

Moldova seeking $300 mln loan from Russia for infrastructure projects - Dodon Moldovan president Igor Dodon and Russian president Vladimir Putin - official visit, January 2017

CHISINAU (Moldova), December 23 (SeeNews) - Moldova is seeking a $300 million (270 million euro) loan from Russia to finance large infrastructure projects, Moldova's president Igor Dodon said on Monday.

Dodon said he  discussed the matter with Russian president Vladimir Putin during an official visit last week.

"A decision in principle has already been made. The loan will be negotiated at the government level in January so that it could be ratified by parliament in early February," Dodon said during a press briefing streamed on the website of the president's office.

The conditions of the Russian loan are not worse, but similar to those agreed with Morldova's western partners such as Romania, the European Investment Bank or the European Bank for Reconstruction and Development, the president added

Dodon also said that the proceeds of the loan will be used mostly for road construction.

Dodon announced at the end of November that Moldova is seeking a $500 million loan from Russia to finance big infrastructure projects.

($=0.8998 euro)

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