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