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The article focuses on the refusal of Russia to grant a 100 billion loan to Minsk Belarus due to the effect of the global financial. Russia's granting to the request of Belarus was supposedly a stipulation of the two countries to shift payments in rubles in bilateral trade. However, Yevgeny Gavrilenkov, chief enomist at the Troika Dialog says, the Russian government has realized that under the present conditions, masking the ruble with a new reserve currency is impossible.