Russian Export Center, VEB Create US$5Billion Platform For Russia-Africa Trade Financing — Financing for Development in Africa

The Russian Export Center, VEB.RF state development corporation, Sberbank and GemCorpCapital LLP investment company have signed a US$5 billion worth framework agreement for creating a mechanism of Russian-African trade financing, according to the document, seen by Sputnik. The agreement was signed on the sidelines of the Russia-Africa Summit. “The deal value reaches $5 billion, which reflects Russia‘s and Africa‘s need for joint financial decisions. The agreement is aimed at developing […]

via Russian Export Center, VEB Create US$5Billion Platform For Russia-Africa Trade Financing — Financing for Development in Africa