Project ID: 92319

CDB provides RMB 1 billion loan to Russian Agricultural Bank (RusAg) for unspecified purposes

Commitment amount

$ 170528641.02533296

Adjusted commitment amount

$ 170528641.03

Constant 2021 USD

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Russia

Sector

Unallocated/unspecified (Code: 998)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

Category

Intent

Mixed (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

2017-07-04

Description

On July 4, 2017, China Development Bank and Russian Agricultural Bank (RusAg) — a 100% state-owned bank regulated by the Bank of Russia — signed an RMB 1 billion financial cooperation agreement. One official (Chinese Government) source indicates that a loan agreement was subsequently signed by CDB and RusAg, but the timing, monetary value, and borrowing terms of the loan are unknown.

Additional details

1. This loan is not included in the China’s Overseas Development Finance Dataset that Boston University's Global Development Policy Center published in December 2020.

Number of official sources

1

Number of total sources

5

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Russian Agricultural Bank (RusAg) [State-owned Bank]

Loan Details

Bilateral loan

Inter-bank loan