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Russian bank gets French credit of 300 million euro
Published: 16 November, 2007, 19:57
French bank BNP Paribas is opening a 300 million euro credit facility for Russia’s Vnesheconombank or VEB. The deal was announced during the visit of Russia’s Prime Minister Viktor Zubkov to Paris.
The loan would finance purchases of Western European goods and services by Russian importers.
VEB, also known as the Bank for Development and Foreign Economic Affairs, has the role of supporting small and medium sized businesses.
16.11.2007, 19:50
St Petersburg strikes escalate despite court rulingMore dockers have joined the strike in St Petersburg saying they won’t return to a normal work schedule until they win higher pay. Experts say employers have no other choice but to meet the strikers’ demands. |
17.11.2007, 03:52
Russian PM talks trade barriers removal in ParisFriday’s visit by Russian Prime Minister Viktor Zubkov to France has been devoted mainly to removal of existing obstacles to trade. Several deals involving bank credits and deals in the alcohol and postal industries were signed. |
