The Development Bank of the Republic of Belarus (DBRB) and ArmBusinessBank (ABB) recently struck a deal that allows Armenian importers up to five years of deferred payment on Belarusian goods.

Belarus exporters will also receive payment on goods in due time from the banks.

ABB Chairman Arsen Mikayelyan and DBRB Chairman Sergei Rumas said the deal will help international collaboration and aims to develop the the banking systems for both countries. The deal also seeks to improve economic relations with friendly nations.