News by country: Russian Federation

VIII Hungarian-Russian Economic Forum on trade and investment cooperation takes place in Hungary with support from IIB

VIII Hungarian-Russian Economic Forum on trade and investment cooperation takes place in Hungary with support from IIB

On November 23-24, 2016, the VIII Hungarian-Russian Economic Forum and a meeting of businessmen were held in Budapest, Hungary, under the auspices of the Hungarian Ministry of Foreign Affairs and Trade, dedicated to expansion of export opportunities, bilateral trade, investment cooperation and business contacts between the two countries. The International Investment Bank (IIB) acted as the general sponsor of the event and was represented at the meeting by the Deputy Chairman of the IIB Board,…  Read more
IIB provides Russia’s State Transport Leasing Company with USD 33 million

IIB provides Russia’s State Transport Leasing Company with USD 33 million

Deputy Chairman of the Board of the International Investment Bank (IIB), Vladimir Liventsev, and First Deputy CEO of PJSC “State Transport Leasing Company” (STLC; Russia), Dmitry Shaplyko, signed an agreement to provide the STLC with a credit line of USD 33 million for a period of 7 years. The signing ceremony took place in IIB’s headquarters, attended by representatives of the Bank and the STLC. The STLC will use the credit line from the IIB to finance and refinance the purchase and leasing…  Read more
Guarantees as effective measure of support for Russia’s small and medium-sized businesses – IIB and RSMB Corporation sign cooperation agreement

Guarantees as effective measure of support for Russia’s small and medium-sized businesses – IIB and RSMB Corporation sign cooperation agreement

The International Investment Bank (IIB) and JSC Russian Small and Medium Business Corporation (RSMB Corporation) signed the Cooperation Agreement focused on developing complex support for small and medium-sized businesses in Russia. The document was signed by Vladimir Liventsev, Deputy Chairman of the IIB Board, and Alexander Braverman, Director General of the RSMB Corporation. The Agreement defines the conditions and terms of cooperation between the parties. The RSMB Corporation will provide…  Read more
IIB has returned to financing of large-scale infrastructure projects – construction of RUB 11.8 billion hydropower plants launched

IIB has returned to financing of large-scale infrastructure projects – construction of RUB 11.8 billion hydropower plants launched

In the Republic of Karelia, works were launched on the construction of two hydropower plants (Byeloporozhskaya HPP-1 and Byeloporozhskaya HPP-2) with a total capacity of 49.8 MW – the first investment project on the territory of Russia by the New Development Bank (NDB), created by the BRICS countries. According to the approved scheme, two multilateral financial institutions, the International Investment Bank (IIB) and the Eurasian Development Bank (EDB), are directly financing the…  Read more
Construction of hydropower plants in Russia’s Republic of Karelia – first joint project of IIB and EDB

Construction of hydropower plants in Russia’s Republic of Karelia – first joint project of IIB and EDB

The International Investment Bank (IIB), the Eurasian Development Bank (EDB) and JSC Nord Hydro – Belyi Porog today signed an agreement outlining their intentions to implement the investment project Construction of small hydropower plants in the Republic of Karelia. The parties agreed on indicative terms of the financing for the construction of hydropower plants Byeloporozhskaya HPP-1 and Byeloporozhskaya HPP-2 with a combined capacity of about 50 MW in the Kem region of Karelia. The BRICS…  Read more