AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
An official press report of Eximbank of Russia dated 13 December 2012 has announced that the Russian Government has issued a guarantee at the amount of 430 million USD in relation to a credit contract that Eximbank of Russia has signed in 2015 with the Government of Angola.
The purpose of the financial scheme supported by the Government of the Russian Federation is development of the first satellite communications and transmission system in Angola (6-digit HS code: 880250Spacecraft (including satellites) and spacecraft launch vehicles). Currently, almost half of its population does not have access to electronic means of communication. The Russian companies Rosoboronexport and Energiya will manufacture the geostationary satellite in Angola. The satellite is scheduled to be launched by them in the second half of 2016.
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