The China development Bank VEB will provide a loan of 10 billion yuan

Moscow. December 17. State development Bank of China will provide Vnesheconombank with a loan in the amount of 10 billion yuan, said the head of VEB Vladimir Dmitriev journalists.

“Here in Beijing, we have negotiated with our banking partners, reached an agreement to sign agreements with China development Bank, which involves the allocation of the VEB loan of 10 billion yuan under the highly concessional interest rate and terms,” – said V. Dmitriev.

He noted that the loan is granted for 5 years, and VEB intends to use these funds to Finance relevant projects, most of which are included in the list of projects of Sino-Russian investment cooperation.