Vnesheconombank to Extend First Credit Facilities for Developing a North-West Section of the Elginsk Deposit

24 october 2013 года
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In the course of a meeting of the Government Commission on the Socio-Economic Development of the Far East in the presence of Russian Prime Minister Dmitry Medvedev Vnesheconombank and LLC Elgaugol (a member of Mechel Group) signed a credit agreement on extending 150 million US dollars in the city of Komsomolsk-on-Amur.

On behalf of Vnesheconombank the agreement was signed by Chairman Vladimir Dmitriev and on behalf of LLC Elgaugol – by LLC Mechel Board Director Igor Zyuzin.

A decision on the Bank’s participation in funding the project “Development of a North-West Section of the Elginsk Coal Deposit in the Republic of Sakha (Yakutia) in the amount of 2.5 billon US dollars was made by Vnesheconombank’s Supervisory Board in September of 2013. All in all three credit lines are expected to be opened (the second line with a drawdown limit of 2 085 million US dollars, the third one with a drawdown limit of 418.7 million US dollars). The transaction also provides for Vnesheconombank to purchase a stake of 0.01% in LLC Elagaugol’s charter capital.

The project provides for implementing the first stage of the Elginsk coal deposit development with coal in place reserves of 2.1 billion tons by way of constructing an open cut colliery as well as a coal mining and processing integrated works with a rated capacity of 11.7 million tons of coal per year. This deposit is among the largest three undeveloped coal deposits in the world. The project’s total value is 4.74 billion US dollars.

 

Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

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Vnesheconombank and the Export-Import Bank of China Sign Framework Agreement

22 october 2013 года
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In the course of the 18th regular meeting of the Heads of State in the presence of Russian Prime Minister Dmitry Medvedev and Premier of China’s State Council Li Keqiang Vnesheconombank signed a framework agreement with the Export-Import Bank of China on opening a credit line worth 700 million US dollars.

On behalf of Vnesheconombank the agreement was signed by Chairman Vladimir Dmitriev and on behalf of the Export-Import Bank of China – by Vice President Liu Liange.

The agreement provides for extending credit facilities to Vnesheconombank to fund projects to be implemented on Russia’s territory in partnership with Chinese companies.

 

Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

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Vnesheconombank Raises Credit from the China Development Bank (CDB) to Build the Slava Complex

22 october 2013 года
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In the course of the 18th regular meeting of Russia’ and China’s Heads of State in the presence of Russian Prime Minister Dmitry Medvedev and Premier of China’s State Council Li Keqiang Vnesheconombank and the China Development Bank (CDB) signed a credit agreement.

On behalf of Vnesheconombank the agreement was signed by Chairman Vladimir Dmitriev and on behalf of CDB – by President Zheng Zhijie.

Vnesheconombank raises credit facilities worth 800 million dollars to fund the project on the construction of a multi –functional complex on the territory of Slava (The Second Moscow Watch Plant).

 

Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

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Vnesheconombank and Papilon Company Agree to Cooperate

22 october 2013 года
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In the course of the 17th International Security Show INTERPOLYTECH-2013 State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and CJSC Papilon entered into an agreement on cooperation.

The agreement provides for enhancing partner relations and expanding effective and mutually beneficial cooperation aimed at supporting exports of Russian high-technology products and boosting their competitive edge in the world market as well as carrying out tasks of Russian state defense purchases and federal programs in defense and security.

This agreement’s implementation would help to modernize the Russian economy as well as upgrade the system of the state support for exports of Russian products, works and services.

Closed Joint Stock Company Papilon is one of the world’s leaders in manufacturing systems of biometric identification on the basis of fingerprint and iris visualization as well as systems of identifying firearms for law enforcement agencies.

CJSC Papilon’s products are widely used in civil personal identification projects for creating biometric passports as well as in access control and information security systems.

 

Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

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Vnesheconombank Raises Credit from the China Development Bank to Build 3d Power Unit of the Ekibastuz State District Power Station

22 october 2013 года
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In the course of the 18th regular meeting of Russia’ and China’s Heads of State in the presence of Russian Prime Minister Dmitry Medvedev and Premier of China’s State Council Li Keqiang Vnesheconombank and the China Development Bank (CDB) signed a credit agreement.

On behalf of Vnesheconombank the agreement was signed by Chairman Vladimir Dmitriev and on behalf of CDB – by President Zheng Zhijie.

Under the agreement Vnesheconombank is to raise credit facilities from CDB worth up to 400 million US dollars to fund the project on the construction of the 3d power unit of the Ekibastuz State District Power Station-2 in the Republic of Kazakhstan.

Vnesheconombank has been funding the project on the construction of the 3d power unit of the Ekibastuz State District Power Station-2 in the Republic of Kazakhstan since June of 2010 for an amount of 12 billion rubles.

 

Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

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