MOSCOW — A Russian-controlled economic assistance fund agreed on Saturday to extend a $3 billion loan to Belarus, propping up the country’s teetering economy — and with it the authoritarian president, Aleksandr G. Lukashenko.
A devaluation of the Belarusian ruble this spring that spawned lines for staple goods like oil and sugar had cut deeply into Mr. Lukashenko’s popularity, already eroded by a crackdown on the opposition leaders.
Belarus turned to Russia for aid, but it was slow in coming. Russian officials demanded a commitment to privatize much of Belarus’s large state-owned industrial sector by selling factories to Russian companies.
The Russian loan came through at a previously scheduled meeting of the Eurasian Economic Community’s emergency fund.
The $3 billion will be disbursed over three years, Dmitri S. Peskov, the spokesman for Prime Minister Vladimir V. Putin of Russia, told news agencies.