Statutory penalty for credits (loans) is introduced

As part of anti-sanction measures, the Council of Ministers of the Republic of Belarus by Resolution No. 480 of September 3, 2025, introduces a statutory penalty in the amount of 10% in cases of early prepayment of loan (credit) agreements concluded with Belarusian legal entities and (or) individuals claimed by entities from ‘non-friendly’ foreign states.

Conditions for applying the statutory penalty:

• applies regardless of the provisions of the loan (credit) agreement;
• the grounds for early termination are not provided for by the agreement or the applicable law in force on the date of its conclusion;
• Belarusian legal entities and (or) individuals may be either borrowers or lenders;
• the penalty is calculated from the amount of the loan (credit) claimed for early prepayment;
• the penalty applies to the agreement concluded before the entry into force of Resolution No. 480 and not repaid, and will be in effect until 12/31/2026.