On 4 August 2004 in
The loans which Vneshtorgbank are bound to for a period of up to 10 years are earmarked for the financing of construction projects in the
The syndicate of French banks is also given commercial credit to finance advance payments by contract to the construction project and the insurance agent COFACE. The overall credit provided through the agreementounts to more than 95m USD.
These credit agreements are the first step in the realisation of Vneshtorgbank`s strategy to support the large scale projects of Russian companies who are interested in attracting long-term credit for the financing of their investment projects, modernising equipment and manufacturing new products.