On Signing Agreement on Cooperation with the Government of Buryatia

30 september 2009 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Government of the Republic of Buryatia entered into an Agreement on Cooperation.

On behalf of Vnesheconombank the Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev, on behalf of the Government of the Republic of Buryatia – by its Chairman Vyacheslav Nagovitsyn.

The Agreement provides for establishing a strategic partnership and promoting a long-term, effective and mutually beneficial cooperation in the investment activity.

The Agreement provides for the parties to cooperate in addressing high-priority objectives of the region’s socio-economic development. Under the Agreement the parties intend to jointly participate in raising funds to finance investment projects planned to be implemented in the Republic of Buryatia. High priority is to be given to projects in construction, agro-industrial complex and metal-making industry.

A list of projects is to be determined annually based on the Strategy of the Republic’s Socio-Economic Development up to the year 2025, the Program of Buryatia’s Socio-Economic Development for 2008-2010 and Vnesheconombank’s core activities.

The implementation of this Agreement would help encourage investment activity aimed at boosting the region’s industrial, socio-economic and infrastructure potential.

 

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

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On Payments on Government Foreign –Currency Denominated Bonds

29 september 2009 года
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In accordance with the terms of issuing eurobonds, on the Russian Finance Ministry’s instructions State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ transferred funds in the total amount of 1  543  361 681. 93 US dollars to The Bank of New York to make a regular payment on Eurobonds to repay government foreign debt of the Russian Federation including:

-in the amount of 355  143  789.20 US dollars to repay principal and pay coupons on eurobonds with a final maturity date of 2010;

-in the amount of 1 188 217 892.73 US dollars to repay principal and pay coupons on eurobonds with a final maturity date of 2030.

The payment was made in a single currency.

 

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

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On Signing Credit Agreement between Vnesheconombank, DZ BANK AG and AKA Ausfuhrkredit- Gesellschaft, Germany

29 september 2009 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’, DZ BANK AG Deutsche Zentral-Genossenschaftbank (Germany) and AKA Ausfuhrkredit-Gesellschaft (Germany) signed an individual Credit Agreement.

Funds to be raised by Vnesheconombank will be used to finance the supplies of German equipment under the contract between LLC Volzhsk Construction Materials Factory (the Republic of Mari El) and MASA-Henke Maschinenfabrik GmbH (the city of Porta Westfalica).

Cooperation is carried out within Vnesheconombank’s participation in the aerated concrete factory construction project in the city of Volzhsk (the Republic of Mari El) with an annual capacity of 600 thousand m3. The project provides for building a factory to manufacture products from aerated concrete for building low-rise housing with the use of German module home building technology.

This Credit Agreement was made to build on the framework agreement signed in 2005 between Vnesheconombank and AKA Ausfuhrkredit-Gesellschaft (the city of Frankfurt on the Maine).

DZBANK Group is a part of the financial cooperative association -  FinanzVerbund, which incorporates about 1200 German cooperative banks includin  Volksbanken and Raiffeisenbanken. Within the FinanzVerbund financial association DZ BANK is a central bank for more than 1000 German cooperative banks.

Limited liability company AKA Ausfuhrkredit-Gesellschaft (Germany) was established in 1952. It is designed to support German exports. 20 German banks are its shareholders.

 

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

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On Signing Credit Agreement between Vnesheconombank and CJSC Daltransugol

29 september 2009 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and CJSC Daltransugol (a subsidiary of OJSC Siberian Coal and Energy Company) entered into a Credit Agreement on providing financing in the amount of 4.5 billion for a period of 10 years.

On behalf of Vnesheconombank the Agreement was signed by Vnesheconombank Deputy Chairman Anatoly Ballo on behalf of CJSC Daltransugol – by its General Director Dmitry Lisin and Chief Accountant Maria Aksenova.

The funds are intended for financing the final stage of construction of the coal terminal with a capacity 12 million tons per year in the bay of Muchka of the port of Vanino (the Khabarovsk region). The Vanino bulk terminal with a rated capacity of 12 million tons per year is designed to transship coal from SUEK enterprises and other Russian coal companies to export it to the Asian-Pacific region countries. The Vanino Coal Terminal Construction Project is one of the largest investment projects in the Russian transport infrastructure being implemented in the Far East.

After achieving its rated capacity Vanino will become the largest coal port in the Far East and the second largest port in Russia.

The implementation of the project will make it possible to receive and handle ships with deadweight of more than 170 thousand tons.

The total amount of investments under the project is more than 9.5 billion rubles.

CJSC Daltransugol is 100% subsidiary of OJSC Siberian Coal and Energy Company and the operator of the Vanino coal terminal. OJSC Siberian Coal and Energy Company is the largest Russian energy coalproducer. The amount of coal production in 2008 was 96.2 million tons. The company is the largest Russian coal exporter. The amount of international sales in 2008 was 28.2 million tons.

 

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

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On signing an Agreement between Vnesheconombank and Bayerische Landesbank

25 september 2009 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and Bayerische Landesbank (Germany) signed a Framework Credit Agreement.

The agreement envisages the possibility of raising credit resources by Vnesheconombank in order to finance supplies of equipment and/ or services from Germany and other Organisation for Economic
Co-operation and Development (OECD) member states to the Russian Federation for the purpose of implementing projects aimed at Russian economic development.

Conclusion of the Framework Credit Agreement is a clear demonstration of high level of Russian-German economic cooperation, as well as both bank’s intention to further bolster partnership relations.

Bayerische Landesbank (BayernLB) is one of the largest banks in Germany and was established in 1972. Under its revised strategy, it will concentrate on Small and Medium Enterprises, large corporates, commercial real estate and retail banking segments from now on. BayernLB has strong relationships with German and international customers and is excellently positioned in export and project financing, particularly in the growing renewable energy market. The Bank’s assets as of June 30th, 2009 have amounted to EUR 404,56 billion.

 

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

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