Release date: 22 April 2013
Promoter – Financial Intermediary
BANK FOR DEVELOPMENT AND FOREIGN ECONOMIC AFFAIRS (VNESHECONOMBANK)Location
Description
A dedicated EIB fund to finance projects promoted by SMEs and mid-caps in Russia. This international fund aims to support entrepreneurship in Russia and is being set up by VEB and the German promotional bank Kreditandstalt für Wiederaufbau (KfW).
Objectives
Support to the local economy through the provision of long-term financing in particular to small and medium-sized enterprises (SMEs) 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 113 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 - 20/06/2013
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).