Project ID: 92644

CDB provides RMB 200 million loan to Credit Bank of Moscow in 2020 to finance trade between Russia and China

Commitment amount

$ 32372087.025721703

Adjusted commitment amount

$ 32372087.03

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Russia

Sector

Trade policies and regulations (Code: 330)

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

2020-06-08

Description

On June 8, 2020, China Development Bank (CDB) and Credit Bank of Moscow — the third largest privately-owned commercial bank in Russia — signed an RMB 200 million loan agreement to promote trade between China and Russia. The borrowing terms of the loan are unknown. The money will reportedly be used to stimulate mutual trade between Russia and China, as well as to support international relations

Number of official sources

1

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Credit Bank of Moscow [Private Sector]

Loan Details

Bilateral loan