State Development Corporation "VEB.The Russian Federation and BelVEB Bank provided financing for the export of Russian goods and services to Belarus. WEB.The Russian Federation provided credit funds directly to the Belarusian buyer of Russian products. The deal provides for the purchase of Russian-made pipe products. The limit under the concluded loan agreement was 1.5 billion Russian rubles. This is stated in the message of the WEB.RF.
BelVEB Bank provides agency support for the concluded loan transaction.
The financing was provided within the framework of the Russian high-tech export support program implemented by VEB.The Russian Federation together with the Ministry of Industry and Trade of Russia.
The State Development Corporation "VEB.RF" (state Corporation "Vnesheconombank") (TIN 7750004150) was established on the basis of the Federal Law of the Russian Federation "On the Development Bank" through the reorganization in 2007 of Vnesheconombank of the USSR. Vnesheconombank is one of the development institutions whose activities are aimed at eliminating infrastructural constraints of economic growth, improving the efficiency of natural resources use, developing high-tech industries, unlocking the innovative and productive potential of small and medium-sized businesses, supporting the export of industrial products and services.
