The first concrete discussions on the agreement for the lending of €200 million by Russia have been held this week. It is projected that the agreement will be negotiated and signed in November, President Igor Dodon stated in the program “President Responds”, being quoted by IPN.

“Work on the loan goes on. We were informed by the minister of finance that the first concrete discussions on articles of the agreement have been held this week. I think in October we will end the negotiations on the agreement and could sign it later,” said President Dodon.

According to him, Moldova needs this loan in order to have reserves at yearend and to enter the new year in a good financial situation. “There is certainty that we will get this loan from Russia,” stated the official, noting he considers there will be votes in Parliament for adopting the agreement regardless of the political struggles.

The Constitutional Court suspended the legal effect, including the procedure for enforcing the law to ratify the lending agreement between the Government of the Republic of Moldova and the Government of the Russian Federation for the provision of a state financial loan of €200 million to Moldova. The judgment was passed following a requisition filed by MP of the Pro Moldova group Sergiu Sîrbu. PPPDA sand PAS MPs also challenged a number of provisions of this law. In two weeks, the lending agreement with Russia was declared unconstitutional. At end-July, the Government approved a decision to resume the negotiations on the lending agreement with Russia.