Sorainen Belarus supported a major Russian bank with a cross-currency interest rate swap with a Belarusian corporate.

The transaction was based on the Russian ISDA Master Agreement, the regional analogue of the ISDA Agreement (RISDA).

To our knowledge, this is the first ever cross-border derivative transaction with a counterparty from the Belarusian corporate sector.

Our team consisted of partner Kiryl Apanasevich, senior associate Ann Laevskaya and associate Artem Semchik.