Overview

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

Commitments (Constant USD, 2023)$157,474,631

Commitment Year•2017Country of Activity•RussiaDirect Recipient Country of Incorporation•RussiaSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jul 4, 2017

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

China Development Bank (CDB)

Receiving agencies

State-owned Banks

Russian Agricultural Bank (RusAg)

Loan description

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

Interest type•Unknown

Narrative

Full Description

Project narrative

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.

Staff comments

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.