Today, on September 30, in the course of Korean President Lee Myung Bak’s formal visit to Russia, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Export-Import Bank of Korea entered into a Framework Credit Agreement worth 200 million US dollars..
The Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and Export-Import Bank of Korea Chairman Dong Su Chin.
The Framework Credit Agreement calls for providing credit resources to Vnesheconombank to finance projects on the territory of the Russian Federation for a period of no less than 48 months, with a potential grace period of up to 4 years.
Credit resources to be raised would be provided to Russian companies involved in purchasing goods and services from Korea as agreed upon with the Export-Import Bank of Korea.
Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 608-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru
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