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ANNOUNCED AS TEMPORARYNo
According to a press report dated 5 October 2015 of the state Eximbank of Russia, it has signed a financing agreement with Tsesnabank, Kazakhstan, and Trade and Development Bank, the oldest bank of Mongolia. This agreement has become a logical next co-operation step in the realisation of Russia's strategy for establishment of long-run partnership with financial institutions in countries, in which Russian export products are in demand.
At the moment the Russian products which are in highest demand in Mongolia and Kazakhstan belong to the extraction, energy generation, agricultural industries, as well as information technologies and telecommunications.
Mr Dmitry Golovanov, Chairman of the Board of Eximbank of Russia, commented in relationship to this agreement that the state interventions to be implemented by Eximbank of Russia will be financing of up to 10 years of certain categories of products.
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.
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