EAEU ENTERPRISE SUPPORT PROGRAM STARTED
8 May 2020
The REC and the Eurasian Development Bank (EDB) have launched a joint program to support enterprises of the EAEU countries, the official website of the Russian Export Center reports. The joint loan program aims to provide preferential terms with the attraction of EDB and REC financing for foreign borrowers.
According to REC Director General Veronika Nikishina, the goal of the program is to maintain economic stability and maintain demand for products manufactured in Russia in the EDB member states: Armenia, Belarus, Kazakhstan, Kyrgyzstan and Tajikistan. In addition, this agreement will help reduce the risks of falling trade between the EAEU countries due to the COVID-19 pandemic.
The signed document provides for the preparation and financing of investment projects in such areas as infrastructure, energy, engineering, the chemical and petrochemical industries, the agricultural sector, IT and others, and it also plans to insure political and business risks for investors and lenders.
Chairman of the Board of the Eurasian Development Bank Andrei Belyaninov claims that the joint program is fully consistent with the actions of the EDB in the fight against the consequences of the COVID-19 pandemic aimed at restoring the economy of the EAEU countries and their subsequent development. A partnership with the REC will help ensure trade with Russia.
According to REC Director General Veronika Nikishina, the goal of the program is to maintain economic stability and maintain demand for products manufactured in Russia in the EDB member states: Armenia, Belarus, Kazakhstan, Kyrgyzstan and Tajikistan. In addition, this agreement will help reduce the risks of falling trade between the EAEU countries due to the COVID-19 pandemic.
The signed document provides for the preparation and financing of investment projects in such areas as infrastructure, energy, engineering, the chemical and petrochemical industries, the agricultural sector, IT and others, and it also plans to insure political and business risks for investors and lenders.
Chairman of the Board of the Eurasian Development Bank Andrei Belyaninov claims that the joint program is fully consistent with the actions of the EDB in the fight against the consequences of the COVID-19 pandemic aimed at restoring the economy of the EAEU countries and their subsequent development. A partnership with the REC will help ensure trade with Russia.
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