OREANDA-NEWS. The Government of Belarus has adopted a resolution to provide reimbursement to OAO Belarusbank in 2014-2015 for the losses, which result from the USD 90 million export loan provided by the bank to OAO Mogilev Meat Factory, reads a message posted on the government's legislative web portal.

The losses will be compensated from the central budget, provided the chemical fibre plant gets its export risks insured with a state-owned insurance company.

Established in 1905, OAO Mogilev Meat Factory is a state-owned company controlled by Mogilev Region Administration. The company produces different types of sausages, prefabricated meat and other meat products.