Agenda: financing VEB’s investment and export projects.
Excerpts
from Dmitry Medvedev’s opening remarks:
VEB has been working to attract a three-year loan worth up to 10 billion yuans in total from a group of Chinese banks. This kind of money is usually issued to finance projects that involve companies from the lending bank’s country, but not in this case. This loan will be issued to finance VEB’s operation and its investment and export projects designed to keep up Russian companies’ export potential. I hope this will open a new stage in business relations between Vnesheconombank and Chinese financial institutions and will also provide an incentive for other banks that are negotiating similar deals.