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Press-center

16.12.2015
16:41

Eximbank of Russia supports exports of Russian industrial production to the Republic of Cuba

In the framework of a high tech export support program Eximbank of Russia has signed a facility agreement with the «Banco International de Comercio S.A.» (BICSA), the Republic of Cuba.

The funds in the amount of more than 21 million Euros will be provided to finance the payments under the export contract made between the Russian railway rolling stock supplier "Trading house RM Rail" and the Cuban company «Empresa Proveedora General del Transporte» (TRADEX) for the delivery of 363 rail coaches.

Russian Agency for Export Credit and Investment Insurance (EXIAR) covers risks under the facility agreement.

It is a pilot credit deal between Eximbank of Russia and BICSA which gives the great start for the establishment of long-term and mutually beneficial cooperation.