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VEB.RF to Finance Exports of KAMAZ Automotive and Specialised Vehicles to Republic of Uzbekistan

17 september 2020 года
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As part of VEB.RF’s business mission to Uzbekistan, VEB.RF and Kamaz Asia Leasing signed a loan agreement to finance the acquisition of KAMAZ automotive and specialised vehicles in the Republic of Uzbekistan.

The signing ceremony took place in the presence of VEB.RF’s Chairman Igor Shuvalov and KAMAZ’s General Director Sergei Kogogin. The document was signed on behalf of VEB.RF by its Deputy Chairman Daniil Algulyan and on behalf of Kamaz Asia Leasing by its General Director Feruz Ibragimov.

The loan agreement stipulates providing by VEB.RF a euro 12.5 million credit facility to finance the purchase of about 250 units of KAMAZ automotive and specialised vehicles assembled from Russian-made parts and components using the production facilities of UzAutoTRAILER.  The vehicles will be leased by Uzbek companies.

“The Republic of Uzbekistan is currently a key partner in the Central Asia for Russian exporters of industrial products and non-commodities. VEB.RF is currently co-financing nine projects under way in the Republic of Uzbekistan for a total of 23 billion roubles. We are planning to involve in another ten projects for a total of up to 365 billion roubles,” Igor Shuvalov said.

“KAMAZ and the Republic of Uzbekistan have developed strong business relationship. We hope that implementation of new projects will help to boost our effective partnership and provide new opportunities for both parties,” Sergei Kogogin said.


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