BelVEBLeasing, Russian Exports Center consider financial backing of Russia’s high-tech exports to Belarus
MINSK, Jul 12 - PrimePress. The group of companies of the Russian Export Center (REC) and BelVEBleasing are considering the possibility of financing Russia’s exports of high-tech products to Belarus on simplified terms and optimization of decision making, Viktor Doronkevich, head of the REC Office in Belarus told at the round table session at INNOPROM-2021 industrial exhibition, BelVEB Bank reports.<br> <br> “Since the start of REC Office operations in Belarus, the amount of support rendered to exports exceeded $7 billion,” said Doronkevich.<br> <br> In 2020, the REC backed export supplies of engineering products (53% of the total), agricultural, metallurgical, chemical, timber and light industries products, pharmaceuticals and cosmetics to Belarus.<br> <br> The Russian Export Center is a state institution established as a division of the VEB.RF state corporation to support non-resource exports. The Russian Agency for Export Credit and Investment Insurance (EXIAR) and the Russian Export-Import Bank (Roseximbank) are also integrated into the group.<br> <br> BelVEBleasing LLC was founded in 2018 by BelVEB Bank and VEB-Leasing. BelVEB holds a 19% stake BelVEBleasing. The company finances Russian equipment supplies using subsidies from the Russian Government.<br> <br> BelVEB Bank OJSC was registered by the National Bank of the Republic of Belarus on December 12, 1991. The share of the Russian state corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) in the authorized capital of BelVEB Bank OJSC makes up 97.52%; Minsk City Territorial State Property Fund – 2.29%. BelVEB was assigned to the systemic significance Group I. End<br> <br>
2021-07-12
Primepress
BelVEBLeasing, Russian Exports Center consider financial backing of Russia’s high-tech exports to Belarus
“Since the start of REC Office operations in Belarus, the amount of support rendered to exports exceeded $7 billion,” said Doronkevich.
In 2020, the REC backed export supplies of engineering products (53% of the total), agricultural, metallurgical, chemical, timber and light industries products, pharmaceuticals and cosmetics to Belarus.
The Russian Export Center is a state institution established as a division of the VEB.RF state corporation to support non-resource exports. The Russian Agency for Export Credit and Investment Insurance (EXIAR) and the Russian Export-Import Bank (Roseximbank) are also integrated into the group.
BelVEBleasing LLC was founded in 2018 by BelVEB Bank and VEB-Leasing. BelVEB holds a 19% stake BelVEBleasing. The company finances Russian equipment supplies using subsidies from the Russian Government.
BelVEB Bank OJSC was registered by the National Bank of the Republic of Belarus on December 12, 1991. The share of the Russian state corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) in the authorized capital of BelVEB Bank OJSC makes up 97.52%; Minsk City Territorial State Property Fund – 2.29%. BelVEB was assigned to the systemic significance Group I. End