ANNOUNCEMENT 10 Aug 2021
In August 2021, Russian state development bank announced trade finance deal benefitting Kamaz.
NUMBER OF INTERVENTIONS
Press-release of the VEB.RF state development bank dated 10 August 2021, https://xn--90ab5f.xn--p1ai/press-tsentr/49918/
On 10 August 2021, the Russian state development bank VEB.RF announced it approved preferential financing to support the leasing of Kamaz heavy trucks by a company based in Uzbekistan. VEB.RF approved 12.5 million euro (USD 14.7 million) in financing to Kamaz Asia Leasing to support its lease of 250 Russian-made Kamaz heavy dump trucks.
Kamaz is a Tatarstan, Russia-based large maker of dump trucks and other heavy transport vehicles.
Export financing is one of the three key areas of operation of VEB.RF