Russia Cuts Electricity To Belarus

Posted June 29th, 2011 at 4:35 am (UTC-5)
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Russia has cut electricity supplies to Belarus due to unpaid back payments.

The Russian electricity provider, InterRAO , promises power will be restored within 24 hours of when the payment is made.

Russian power imports account for approximately 10 percent of Belarus’ electrical needs.

Mounting economic struggles have forced Belarus, a former Soviet state, to devalue its national currency.

Belarus has accrued energy debts amid a severe economic crisis, which has prompted Minsk to seek a bailout from a Russian-led regional fund, as well as from the International Monetary Fund.

Russian Finance Minister Alexei Kudrin announced the approval June 20 of the first $800-million segment of a Russian-led $3 billion bailout loan to help stabilize its western neighbor.

Russia’s electricity export monopoly halved electric power supply to Belarus on June 9, and said it would completely cut off electricity exports to that country by June 22 if Belarusian power utility Belengro continued to accrue debts.