ANNOUNCEMENT 12 Aug 2021

In August 2021, Russian state development bank announced trade finance deal benefiting the local manufacturers of mining equipment. 
 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Press-release of the VEB.RF state development bank of Russia dated 12 August 2021, https://xn--90ab5f.xn--p1ai/proyekty/postavka-rossiyskogo-vysokotekhnologichnogo-oborudovaniya-v-uzbekistan/

Background (financed equipment etc.) from Sputnik Uzbekistan: https://uz.sputniknews.ru/20201110/VEB-profinansiruet-modernizatsiyu-Almalykskogo-GMK-15374987.html

Inception date: 12 Aug 2021 | Removal date: open ended

Trade finance

On 12 August 2021, Russian state development bank announced trade finance deal benefiting the local manufacturers of mining equipment. VEB.RF said it will send the Uzbek Almalyk Mining Combine up to 1.8 billion rubles (USD 23 million) to finance the purchases of the Russian mining equipment. 

VEB. RF told the Uzbek media the financing would support the purchase of drilling rigs, mixing and charging machines, traversers and collectors and other equipment produced by the Russian enterprises Gornaya Technika (Mining Equipment), Nipigormash and Elektromash.

AFFECTED SECTORS

 

AFFECTED PRODUCTS