Oct. 26 (Bloomberg) -- The Central Bank of Belarus confirmed it’s in talks with Iran on a request for a $400 million loan from the Persian Gulf nation, the Iranian state-run Fars news agency said.

Sergey Dubkov, deputy chairman of the National Bank of the Republic of Belarus, declined to give details of the negotiations, including when the funds may be granted and the interest rate, Fars reported today.

The loan has been approved “in principle,” Russia’s Interfax news agency said on Oct. 3, citing Belarus Central Bank Chairman Nadezhda Ermakova.

--Editors: Heather Langan, Ben Holland

To contact the reporter on this story: Ladane Nasseri in Dubai at lnasseri@bloomberg.net.

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net.