ANNOUNCEMENT 05 Aug 2016In August 2016, the government of the Russian Federation announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
According to a press release of 5 August 2016 of the state Eximbank of Russia, it has signed with Tsesnabank (Kazakhstan) an export financing agreement. Under its terms, it has granted financing at the amount of 1.5 billion RUB (ca. 23 million USD) to the Kazakhstani plant Vector for the purchase of products of the Russian agricultural machinery manufacturer Rostselmash. The risks of the agreement are covered by the state Russian Agency for Export Credit and Investment Insurance (EXIAR).