ANNOUNCEMENT 10 Aug 2021

In August 2021, Russian state development bank announced trade finance deal benefitting Kamaz. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Press-release of the VEB.RF state development bank dated 10 August 2021, https://xn--90ab5f.xn--p1ai/press-tsentr/49918/

Inception date: 10 Aug 2021 | Removal date: open ended

Trade finance

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

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