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Russian Bank for Development of Foreign Economic Activity Got a Loan of USD150m

[2008-12-23 16:55:42]

It was reported by RIA Novosti on December 9 that the Russian Bank for Development of Foreign Economic Activity (VEB) announced they had signed an agreement with China Development Bank about the loan of USD150m provided by Chinese side.

According to the news released by VEB, the president of VEB had signed the agreement hereinabove with China Development Bank governor Chen Yuan. The USD150m loan with a period of one year will mainly be used for implementing the export projects of Russian enterprises.

 

Source: 中国投资指南