Russia/CIS

Lukoil receives EBRD loan

Mon, 09 Nov 2009 16:19:43 GMT

EBRD has arranged a long-term loan to Lukoil to fund the renovation of the Krasnodar combined heat and power plant in Russia.

MDM loan oversubscribes

Fri, 06 Nov 2009 16:44:22 GMT

Russia’s MDM bank has signed a syndicated loan - the first deal of its kind for the Russian banking sector this year.

IFC supports Belarus’ export finance

Thu, 05 Nov 2009 17:25:13 GMT

IFC has provided a guarantee to BPS Bank in Belarus through its Global Trade Finance Programme

Rusal and Norinco sign new contract

Wed, 04 Nov 2009 12:08:16 GMT

Rusal has signed a new six-year contract with Chinese industrial conglomerate, Norinco.

Sace agrees Gazprom guarantee

Fri, 30 Oct 2009 00:00:00 GMT

Sace has stated it will guarantee a loan to Russian energy firm Gazprom to develop a gas compressor plant as part of its Nord Stream pipeline.

ADB pushes trade facilitation in Central Asia

Thu, 29 Oct 2009 14:32:36 GMT

The Asian Development Bank (ADB) intends to expand its Trade Finance Facilitation Programme (TFFP) throughout Central Asia.

EBRD boosts stake in Transcapitalbank

Tue, 27 Oct 2009 15:07:56 GMT

The EBRD will increase its stake in Russia’s Transcapitalbank to help the bank boost its capital.

Astana Finance spares trade under restructuring

Tue, 27 Oct 2009 12:42:47 GMT

Kazakhstan’s Astana Finance has agreed to spare trade finance as it restructures its debt.

VEFI letter to BTA on trade restructuring

Tue, 27 Oct 2009 12:36:02 GMT

In a letter sent earlier this summer, the Association of the Forfaiters in Switzerland stressed to BTA Bank’s management the need to prioritise trade finance under its debt restructuring.

EBRD’s largest investment to date

Mon, 26 Oct 2009 12:03:28 GMT

EBRD has arranged a $120 million loan to build a methanol plant in Azerbaijan marking the development bank’s largest investment to date.

Banking groups lobby BTA on trade

Mon, 26 Oct 2009 11:53:39 GMT

A collection of business and financial services trade associations have sent a letter to the Kazakh president demanding the fair treatment of trade finance under BTA Bank’s debt restructuring.

Tatneft closes jumbo pre-export finance

Mon, 26 Oct 2009 00:00:00 GMT

Bookrunners are now scaling back Russian oil firm Tatneft’s jumbo pre-export financing, the largest to close this year.

BNYM to finance Russian trade following dispute settlement

Fri, 23 Oct 2009 15:49:20 GMT

BNY Mellon has promised to finance trade to Russian state banks following the resolution of a legal dispute with Russian customs.

Finnvera focuses on Russia

Wed, 21 Oct 2009 11:14:24 GMT

Commitments to Russia outstrip those of any other country within Finnvera’s political risk portfolio according to the ECA.

New impetus for Kazakh debt restructuring

Wed, 21 Oct 2009 00:00:00 GMT

News emerges that true trade finance will get paid under Kazakhstan’s Alliance Bank’s debt restructuring. Dickon Harris asks whether this will create a fresh impetus for BTA Bank’s similar restructuring.

Russian corporates turn to export credit

Wed, 21 Oct 2009 00:00:00 GMT

ECA-backed activity in Russia in particular has increased considerably. Jonathan Bell examines the reasons behind this and assesses if this is a feature that will remain on the financing map.

EBRD funds Noble’s Ukraine agri-expansion

Tue, 20 Oct 2009 13:13:03 GMT

EBRD has signed a working capital loan to Noble Group subsidiary Noble Resources Ukraine to boost its farming activities.

ING signs Ukrainian grain pre-export finance

Mon, 19 Oct 2009 16:37:13 GMT

ING Bank has signed a pre-export financing to Grain Trading Company (GTC), part of the Cyprus-based Allseeds Group.

China Ex-Im funds Russian cement plant

Thu, 15 Oct 2009 17:51:08 GMT

China Ex-Im has signed an agreement to open a line of credit to Vnesheconombank for a cement plant in West Russia.

OFID credit to facilitate Azerbaijan trade

Wed, 14 Oct 2009 11:57:07 GMT

OPEC Fund for International Development is providing a credit facility to Amrahbank to facilitiate trade finance in Azerbaijan.