Global Trade Alert

An official press report of Eximbank of Russia dated 13 December 2012 has announced that it has approved the credit application of the Ministry of Finance of Belarus for 500 million USD. Its purpose is to cover the advance payments related to the construction of an atomic power station in Belarus. The press report also reveals that this project is a joint initiative between the state corporation Vnesheconombank and Eximbank of Russia. The latter is to participate in the project with a share of 40%.
 
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.