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VEB.RF Provides First Tranche to Finance Supply of Russian High-Technology Equipment to Uzbekistan

15 june 2021 года
#News
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The first RUB330mn tranche was transferred to Almalyk MMC to finance export contracts with Mining Engineering, NPGM and Elektromash.

VEB.RF began financing the supply of Russian mining machinery to Uzbekistan under the large-scale programme to modernise one of Uzbekistan’s largest mining and smelting companies.

VEB.RF and Almalyk MMC signed a RUB1.8bn facility agreement in November 2020.

Daniil Algulyan, Deputy Chairman of VEB.RF: 

“This is the second transaction financed by VEB.RF as part of a comprehensive modernisation of Almalyk MMC. VEB.RF had previously fully financed the supply of BelAZ 220-tonne haul trucks, with Russian components exceeding 30 percent.”


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