Belarusbank, Roseximbank sign framework agreement to stimulate imports of Russian commodities into Belarus
<p> MINSK, Jun 24 - PrimePress. ASB Belarusbank and the State Specialized Russian Export-Import Bank (Roseximbank JSC) signed a framework loan agreement aimed at stimulating imports of Russian commodities into Belarus, Belarusbank reports. </p> <p> </p> <p> “This is a new stage of cooperation between our banks, which gives opportunities for supporting joint foreign economic projects. In the long term, this agreement will increase Russia’s exports to Belarus,” says Roseximbank Deputy Chairman of the Board Roman Smagin. </p> <p> </p> <p> Currently, Belarusbank and Roseximbank (members of the Russian Export Center Group) are jointly financing a number of investment projects, including the construction of the Miory metal rolling plant (€360 million) in a consortium with the German AKA export finance bank and Russian VTB Bank PJSC. </p> <p> </p> <p> As reported, in late April 2020, the Russian Export Center and the Eurasian Development Bank (EDB) signed a memorandum on launching a joint credit program that provides soft loans for the export of Russian goods and services to EDB member states (Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan and Tajikistan) under investment projects in the areas of infrastructure, energy, engineering, chemical and petrochemical industries, agriculture and information technologies. The Center also provides insurance support to investors and creditors. </p> <p> </p> <p> The State Specialized Russian Export-Import Bank (Roseximbank JSC) was established in 1994 in pursuance of state policy of stimulating and supporting exports of engineering products. The bank has been operating through the Russian Export Center since 2015. </p> <p> </p> <p> Belarusbank, Belarus’ largest bank, was founded in July 1991, and was transformed in October 1995 through a merger with Sberbank of Belarus. The state holds the 99.95% share in the authorized capital of the bank. </p> <p> </p> <p> The Russian Export Center is a state-owned non-oil and gas export support institution, part of the VEB.RF state-owned development corporation. The Russian Agency for Export Credit and Investment Insurance (EXIAR) and Russian Export-Import Bank (Roseximbank) are also integrated into the group. In 2018, support for Russia’s exports totaled $19 billion, joint trade operations with Belarus – $1.33 billion. Joint trade operations have been funded in the amount of $5.5 billion. End </p>
2020-06-25
Primepress
MINSK, Jun 24 - PrimePress. ASB Belarusbank and the State Specialized Russian Export-Import Bank (Roseximbank JSC) signed a framework loan agreement aimed at stimulating imports of Russian commodities into Belarus, Belarusbank reports.
“This is a new stage of cooperation between our banks, which gives opportunities for supporting joint foreign economic projects. In the long term, this agreement will increase Russia’s exports to Belarus,” says Roseximbank Deputy Chairman of the Board Roman Smagin.
Currently, Belarusbank and Roseximbank (members of the Russian Export Center Group) are jointly financing a number of investment projects, including the construction of the Miory metal rolling plant (€360 million) in a consortium with the German AKA export finance bank and Russian VTB Bank PJSC.
As reported, in late April 2020, the Russian Export Center and the Eurasian Development Bank (EDB) signed a memorandum on launching a joint credit program that provides soft loans for the export of Russian goods and services to EDB member states (Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan and Tajikistan) under investment projects in the areas of infrastructure, energy, engineering, chemical and petrochemical industries, agriculture and information technologies. The Center also provides insurance support to investors and creditors.
The State Specialized Russian Export-Import Bank (Roseximbank JSC) was established in 1994 in pursuance of state policy of stimulating and supporting exports of engineering products. The bank has been operating through the Russian Export Center since 2015.
Belarusbank, Belarus’ largest bank, was founded in July 1991, and was transformed in October 1995 through a merger with Sberbank of Belarus. The state holds the 99.95% share in the authorized capital of the bank.
The Russian Export Center is a state-owned non-oil and gas export support institution, part of the VEB.RF state-owned development corporation. The Russian Agency for Export Credit and Investment Insurance (EXIAR) and Russian Export-Import Bank (Roseximbank) are also integrated into the group. In 2018, support for Russia’s exports totaled $19 billion, joint trade operations with Belarus – $1.33 billion. Joint trade operations have been funded in the amount of $5.5 billion. End