The Belarusian government will acquire additional stakes in three cement companies in exchange for helping them to repay loans to China’s EximBank.

The Council of Ministers has issued a directive that provides for the restructuring of overdue debts to the bank incurred by Belarussian Cement Plant, Krychawtsementnashyfer and Krasnaselskbudmateryyaly as of 1 October 2014.

The three cement producers will receive the bailout on condition that they meet their profitability of sales targets for 2015 and fulfil their obligations to Eximbank starting 2015.