All sites of VEB Group:

Vnesheconombank VEB-Engineering VEB-Capital VEB-Leasing VEB-Innovation
The Russian Agency for Export Credit
and Investment Insurance (EXIAR)
The North Caucasus
Development Corporation
OJSC «Far East and Baikal Region
Development Fund»
The Russian Direct Investment Fund GLOBEX Bank Sviaz-Bank OJSC SME Bank OJSC BelVEBPSC VEB Asia

Eximbank of Russia signed Framework Agreements with four Iranian banks


0430-REC-IRAN_26 Dec 2017_abuzin_com.jpg

On December 26th
, Russia and Iran have established solid bank-to-bank ties upon the signing of the Framework Agreements on interbank credit facility provision between the State Specialized Russian Export-Import Bank (Eximbank of Russia) and four reputable Iranian banks, including Export Development Bank of Iran (EDBI), Bank Parsian, Bank Pasargad and Bank Sepah. The signing ceremony took place in the presence of the Iranian Ambassador to Russia, Mr. Mehdi Sanai, and Mr. Alexey Tyupanov, executive director of Russian Export Center, CEO of EXIAR and Member of Board of the Eximbank of Russia

The Russian Export Center Group (incorporating Russian Agency for Export Credit and Investment Insurance (EXIAR) and the Russian Eximbank) has welcomed the delegation from the Iranian top financial institutions, including the four above-mentioned banks and also the officials from the Central Bank of Iran (CBI), in Moscow for the signing ceremony, as well as for a series of meetings to discuss further steps for the interbank cooperation and also for the practical utilization of the financial opportunities opened by the conclusion of the Framework Agreements.

Earlier in October, EXIAR and the CBI have concluded the Memorandum of Understanding that defined basic conditions of the cooperation in financial sector to facilitate ECA-backed financing of Russian-Iranian joint projects and boost their realization in various industries. .

Mr. Alexey Tyupanov has commented that the signing of the Framework Agreements between a Russian bank and four top Iranian banks is a true milestone in the trade and economic relations of Russia and Iran and also another sign of the sincere intentions and mutual trust.

At the same time, Mr. Tyupanov also emphasized that  it is important to put the agreed terms into practice and proceed with concrete business projects to be implemented under the frame of the signed Agreements. For this end, the parties have confirmed their determination to continue the collaboration.