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    Reference: 20120318
    Release date: 6 December 2012

    Promoter – Financial Intermediary

    Bank for Development and Foreign Economic Affairs (Vnesheconombank), Moscow, Russian Federation

    Location

    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)

    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Russian Federation Credit lines