Sberbank and JBIC sign export credit financing agreement

Region:

Europe

Jonathan Bell

Editor-in-chief

Russia’s Sberbank has signed a general financing agreement with Japan Bank for International Cooperation (JBIC), under which financing amounting to $600 million will be available from Japanese institutions. The funds will be used by Sberbank to onlend to Russian companies for the financing of imports of equipment, machinery and services from Japan for projects in Russia and neighbouring countries.

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