Project ID: 43045

China Eximbank provides $18.5 million loan to VTB to facilitate acquisition of Huawei equipment

Commitment amount

$ 28204839.556057442

Adjusted commitment amount

$ 28204839.56

Constant 2021 USD

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Russia

Sector

Communications (Code: 220)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Commercial (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2008-01-01

Description

On March 26, 2007, Russia's VTB Bank and the China Exim Bank signed an Individual Loan Agreement of 18.5 million USD. Andrei Kostin, VTB President and Chairman of the Management Board and by Li Rougu, Chairman&President of China Exim Bank, signed as representatives. The signing occurred at the Third Russian-Chinese Economic Forum. The loan is suppose to facilitate a commercial contract to purchase telecommunications equipment between CJSC Baikalwestcom and Huawei.

Number of official sources

3

Number of total sources

5

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Baikalwestcom CJSC [Private Sector]

Implementing agencies [Type]

Huawei Technologies Co., Ltd. [Miscellaneous Agency Type]

Loan Details

Bilateral loan