Russian Banks Syndicate $203 Million Aircraft Loan for Cuba

A syndicate of Russian banks and Cuba’s Aviaimport S.A. have signed a $203.4 million credit agreement, RIA Novosti news agency reported Friday.

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• Posted in: Russia, Aircraft, Vnesheconombank, VTB (former Vneshtorgbank), Cuba
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Three Russian State Banks to Merge With Capital Over $2 Billion

Three Russian state-owned banks will merge to form a Development Bank, with authorized capital of over $2 billion, the economics ministry said Monday.

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• Posted in: Russia, Banks, Business & Finance, Vnesheconombank, German Gref, Roseximbank, Russian Bank for Development, Alexei Kudrin
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Russia’s Vnesheconombank Opened Its Office in London

Russia’s Vnesheconombank opened its office in London on Wednesday, the bank’s press service said.

The office is expected to play a key role in the implementation of the bank’s strategic and current tasks, promote the establishment and development of business contacts, render assistance to the bank’s Russian partners and clients in dealing with issues related to their activity in Britain, the press service said.

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• Posted in: Russia, Banks, UK, Business & Finance, London, Vnesheconombank
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