Source Pravda.Ru

Korean EXIM bank and Vneshtorgbank sign agreement

Vneshtorgbank, which services Russia's foreign trade, and the Export-Import Bank of Korea have signed an agreement on cooperation, the press service of the Russian bank reported. The document was signed by Young-Hoi Lee, the Chairman and President of the Korean bank, and Vladimir Dmitriyev, the Deputy Chairman of the Russian bank.

The agreement envisages the opening of a $30m line of credit for two years for Vneshtorgbank to carry out documentary operations for imports of Korean products.

In the near future the banks are expected to sign a framework agreement on financing trade, which is to broaden the set of instruments that will be used to make foreign trade payments, the press service specified.

© &to=http://www.rbc.com' target=_blank>RBC

&to=http://eng.vtb.ru/' target=_blank>Vneshtorgbank

Comments
Venezuela: Once again, interference from the USA in Latin America
Venezuelan President Maduro: USA fatally obsessed with Russia
Russian government prepares to get rid of US dollar in economy
Russia's long-range Bastion system follows USS Carney in Black Sea waters
Russian government prepares to get rid of US dollar in economy
Russian government prepares to get rid of US dollar in economy
Russian government prepares to get rid of US dollar in economy
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Turkey desperately tries to rescue its national currency as it falls to all-time lows
US sanctions to kill Russian banks and sovereign debt?
Russia builds new robotic tank invulnerable to mines
Russia builds new robotic tank invulnerable to mines
Russia starts Star Wars first. USA concerned and puzzled
Turkey and USA take their relationship to breaking point
US sanctions to kill Russian banks and sovereign debt?
US sanctions to kill Russian banks and sovereign debt?
Details of Putin-Merkel surprise meeting unveiled
Turkey and USA take their relationship to breaking point
Iran shows new ICBM that can evade radars
US refuses to explain reasons behind new 'draconian' sanctions
Russia starts Star Wars first. USA concerned and puzzled