News by country: Russian Federation

Support for Russian-Romanian trade – priority for the IIB

Support for Russian-Romanian trade – priority for the IIB

The International Investment Bank (IIB) is continuing to grow its loan portfolio in the area of Trade Finance Support Programmes (TFSP). On February 20, 2017, the Bank implemented a pilot deal with the B&N Bank (PJSC) by providing a short-term targeted trade related loan (TRL) for the supply of chemical additives from the Russian Federation to Romania. The volume of loan is EUR 2.25 million, the repayment term - 1 year. Financing bilateral and multilateral projects and foreign trade deals made…  Read more
IIB expands scope of its trade finance operations by financing imports from Poland to Russia

IIB expands scope of its trade finance operations by financing imports from Poland to Russia

The International Investment Bank (IIB) continues to consistently expand operations under its Trade Finance Support Programme (TFSP). In February 2017, the Bank provided a short-term targeted trade related loan to Russian CB LOCKO-Bank (JSC) for the amount of USD 3 million to finance the purchase of building and finishing materials made in Poland to be imported to the Russian Federation. The deal is a first for the IIB. Firstly, this is IIB’s first deal in the area of Russian-Polish trade…  Read more
IIB provides its first short-term trade related loan

IIB provides its first short-term trade related loan

Under its Trade Finance Support Programme (TFSP), in December 2016 the International Investment Bank (IIB) concluded its first framework agreement with Russian CB LOCKO-Bank on provision of trade related loans to finance foreign trade operations, and carried out its first transaction in favour of the borrower in the amount of USD 1 million. The funds will be used to finance supplies of products from Vietnam to the Russian Federation. The transaction with CB LOCKO-Bank expands the geography of…  Read more
IIB provides grant for project to restore peatlands in Russia in cooperation with Wetlands International and KfW

IIB provides grant for project to restore peatlands in Russia in cooperation with Wetlands International and KfW

Today, over one million hectares of Russia’s European territory are drained and abandoned peatlands, which pose a serious risk of peat and forest fires. The problem could be solved by the conservation and restoration of disturbed peatlands. In this respect, the International Investment Bank (IIB), expanding its practice of environmental responsibility and promoting sustainable development in its member states, provided a grant for the project “Restoring Peatlands in Russia – for fire prevention…  Read more
IIB and Russia’s State Transport Leasing Company sign Cooperation Agreement

IIB and Russia’s State Transport Leasing Company sign Cooperation Agreement

The International Investment Bank (IIB) and the PJSC “State Transport Leasing Company” (STLC; Russia), one of the leading companies on the Russian leasing market, signed a Cooperation Agreement focused on establishing a partnership and developing long-term, effective and mutually beneficial cooperation. On December 1, 2016, the signing ceremony took place in Moscow at the exhibition stand of the STLC, which participates as an exhibitor in the international "Transport Week 2016". The document was…  Read more