Gazprombank, Uztransgaz JSC and the Russian Agency for Export Credit ,and Investment Insurance (EXIAR) signed a term sheet for the provision of short-term bridge financing in the form of a syndicated loan for up to $ 300 million. The document was executed within the framework of the St. Petersburg International Economic Forum. According to the agreements reached, 50% of the syndicated loan will be covered by the insurance of Russian Agency for Export Credit and Investment Insurance (EXIAR).
From now on, the financial instruments offered by the REC Group and the International Bank for Economic Cooperation may be used to support green investment projects. The corresponding agreement was signed by Nikita Gusakov, Senior Vice President of REC, General Director of EXIAR, and Denis Ivanov, Chairman of the IBEC Board, on the sidelines of SPIEF 2021.
Veronika Nikishina, General Director of REC, and Antonio Fallico, Chairman of the Board of Directors of Banca Intesa, signed the Memorandum of Cooperation at the St. Petersburg International Economic Forum.