ROSEXIMBANK and Agrobank are implementing a pilot project to finance the supply of Russian high-tech products to Uzbekistan
Tashkent, Uzbekistan (UzDaily.com) - ROSEKSIMBANK JSC, a member of REC Group, and one of the largest banks of Uzbekistan Agrobank, within the framework of the INNOPROM international industrial exhibition in Tashkent, signed a loan agreement to finance the supply of Russian equipment to Uzbekistan for the production of modified bitumen.
EXIAR JSC will provide insurance coverage for commercial and political risks for the project.
This is the first joint deal between ROSEKSIMBANK JSC and Agrobank, the implementation of which will launch cooperation between two financial institutions in the field of supporting foreign trade transactions carried out by Russian exporters and Uzbek buyers.
“We are glad to start cooperation with Agrobank and see great potential for its development, we are committed to a long-term and effective partnership that will increase the volume of Russian exports to the Republic of Uzbekistan,” commented Azer Talibov, Chairman of the Board of ROSEXIMBANK JSC.