The conditions for a Russian loan should be as reasonable as for the loans offered for infrastructure objects by the Western partners, meaning an interest rate not exceeding 1.5%, says President Igor Dodon. According to him, the negotiations will be completed by the end of the year, IPN reports.

“We cannot afford to take out (loans) under commercial terms, because this money needs to be returned,” said Igor Dodon, on Monday, after the traditional meeting he has at the beginning of the week with the Prime Minister and the Speaker of the Parliament.

Igor Dodon firmly believes that this money will come and will be invested in road infrastructure projects.

Last week, Prime Minister Ion Chicu announced that there isn’t any agreement yet on the 500 million dollars loan that Moldova is intending to borrow from the Russian Federation. If the agreement is signed, the money will reach the country in instalments. The amount discussed for next year is 300 million dollars.