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 and Belarusbank closed the deal to supply Russian goods

On June 23, 2020, EXIMBANK OF RUSSIA  JSC, part of the REC Group, and the largest bank in Belarus signed a loan agreement to raise 30 million Euros to finance/refinance settlements of corporate customers of Belarusbank JSSB within the framework of trade contracts concluded with Russian suppliers on competitive terms. This cooperation was made possible thanks to the existing framework agreement in force concluded between two financial institutions.
The deal will further strengthen trade and economic relations between two countries, as well as create an incentive for further development of cooperation between Belarusian and Russian companies.
“Belarusbank JSSB JSC is an active participant in foreign economic activity and a reliable partner of Russian Export Center JSC, offering its clients a wide range of services in trade financing and supporting, among other things, turnover of its corporate clients, doing business with Russian counterparties,” Roman Smagin, Acting Chairman of the Management Board of EXIMBANK OF RUSSIA JSC, commented.
“We are glad to make a next step in the development of our partnership relations with EXIMBANK OF RUSSIA JSC. Today, we have launched a new product, offering financing conditions that meet our clients’ interests. We expect to implement more similar projects with EXIMBANK OF RUSSIA JSC in the nearest future,” Aleksandr Polivko, First Deputy Chairman of the Board of Belarusbank, said.