Release date: 6 December 2012
Promoter – Financial Intermediary
Bank for Development and Foreign Economic Affairs (Vnesheconombank), Moscow, Russian FederationLocation
Description
A dedicated EIB loan to finance projects promoted by SMEs and mid-cap companies in Russia. Projects in fields considered as priority under the EIB Mandate (i.e. local private sector development, development of social and economic infrastructure, and climate change mitigation and adaptation) carried out by eligible promoters of any size can also be funded, provided that financing thereto does not exceed 30% of the overall EIB loan amount.
Objectives
Support to local economy through provision of long-term financing in particular to small and medium-sized enterprises and mid-cap companies.
Comments
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 15/03/2013
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).