Overview

China Eximbank signs framework agreement with Russian Sberbank for 2 billion USD line of credit

Commitments (Constant USD, 2023)$2,051,106,362

Commitment Year•2014Country of Activity•RussiaDirect Recipient Country of Incorporation•RussiaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Nov 10, 2014

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

State-owned Banks

Sberbank

Implementing agencies

State-owned Banks

Sberbank

Insurance providers

State-owned companies

China Export & Credit Insurance Corporation (Sinosure)

Loan desecription

China Eximbank signs framework agreement with Russian Sberbank for 2 billion USD line of credit

Interest type•Unknown

Narrative

Full Description

Project narrative

On November 10 2014, China's Export-Import Bank and Russian state-owned Sberbank signed a framework agreement for a $2B USD credit line. The agreement is a renewal of a similar deal made in 2010. The facility is insured by Sinosure.