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May
Rusal nominates Nord Stream CEO as non-executive director.
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Japanese export credit agency JBIC has entered into a strategic partnership with Kazakhstan’s state-owned energy company.
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April
Citi and RBS close financing for VEB-leasing’s purchase of two Airbus A321-200s, with a third scheduled for delivery in August.
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Ukrainian integrated steel and mining company Metinvest is seeking a new pre-export financing from international banks.
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ING has closed a third loan for Russian petrochemicals firm Gazprom Neftekhim Salavat, each with cover from different European export credit agencies.
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Six banks join Russian fertiliser firm Acron’s secured loan.
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Kazakhstan’s BTA Bank has formally agreed to the creation of a creditor’s steering committee and the appointment of financial advisers.
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Russian aluminum producer Rusal has announced that it will now exercise the financial covenant holiday agreed to by its lenders.
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Banks are due to submit their proposals tomorrow for a new jumbo pre-export financing for Russia’s Siberian Coal Energy Company.
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Banks are preparing a five-year club pre-export financing deal for Russian potash producer Uralkali.
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Canadian export credit agency Export Development Canada and Sberbank of Russia announce $275 million agreement and trade finance partnership.
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Export Development Canada has hired a senior regional manager in Russia, and now has four permanent employees in the country.
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March
IFC partners with Credit Europe Bank to expand access to trade finance in Russia.
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Multilateral financial institutions IFC and EBRD have become shareholders in Banks of Georgia.
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Russia’s Vnesheconombank (VEB) has signed a credit agreement with Lenenergo to fund the company’s electric grid investment programme.
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The EBRD has provided a much-needed boost to the Kazakh agri-sector with a major investment in the grain export company KazExportAstyk.
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The export credit agencies of Korea have signed a memorandum of understanding for the financing of the Atyrau gas-chemical complex in Kazakhstan.
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Marfin Group extends its usage of Temenos T24 (T24) to its Ukrainian subsidiary, Marfin Bank Ukraine.
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The European Bank for Reconstruction and Development reveals record year for its trade facilitation programme.
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Rusal has hired a new chairman as results show improved revenue for 2011 allowing the company to reduce the margin on its jumbo PXF.
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UniCredit appoints former Sace representative as its new head of structured trade and export financing for Russia.
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Kazatomprom, the state-owned nuclear holding company in Kazakhstan, has tapped French export credit agency guarantees for its Astana Solar project.
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Rusal chairman, and Russian billionaire, Viktor Vekselberg has resigned citing concerns over the Russian aluminum producer’s existing debt exposure.
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Moscow Domodedovo Airport has today mandated international banks to arrange its first syndicated term loan.
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China Development Bank is in the process of approving a Sinosure-backed buyer credit agreement for Kazakhstan’s passenger rail operator Lokomotiv, cofinanced with HSBC.
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February
Following its Hermes-backed loan for Russian petrochemicals firm GNS earlier this month, ING is poised to sign a further Atradius facility for the company’s refinery upgrade, while a smaller EGAP loan is also in documentation.
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EBRD finances heating project in Ukraine which is first to benefit from the E5P energy efficiency fund.
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Russia’s Sberbank completes its first bank acquisition outside the CIS.
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Russian petrochemicals firm GNS has signed a Hermes-backed loan for its refinery upgrade, while additional loans covered by export credit agencies Atradius and EGAP are pending.
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With the participants on Uz-Kor Gas’ Surgil gas project scheduled to meet in London next week, Trade Finance unveils the financing structure for Uzbekistan’s first project finance.
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Ukrainian steelmaker Metinvest has promised to invest billions of dollars in its Azovstal and Iliych plants based in South Eastern Ukraine over the next six years.
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IFC partners with Georgia’s Bank Constanta to increase lending to small businesses.
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Insurer ACE has opened a representative office in Ukraine.
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Russia’s Sberbank reported a record trade finance turnover for 2011. Dickon Harris examines the bank’s trade finance strategy for 2012.
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On the back of an impressive year in which Uralkali acquired rival potash producer Silvinit, Dickon Harris speaks to Uralkali's CFO Viktor Belyakov about the firm’s financing plans for 2012.
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Italian export credit agency Sace has been awarded an advisory contract to assist the operational set up of new Russian export credit agency, Exiar,
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Kazakhstan’s BTA Bank announces formation of creditors’ steering committee and meeting in London tomorrow.
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Jonathan Bell talks to Momchil Ivanov, head of metals financing, structured metals and energy finance, and Julia Chekrygina director, structured metals and energy finance, both at ING Bank, about the state of metals financing and specifically about the Russian/CIS market.
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As some banks continue the de-leveraging process, the fall-off in levels of trade financing in Russia/CIS has been significant. Given the importance of this region to the health of the global trade profile, how will the vast needs of corporates based in, and operating in, the region be financed going forward? Jonathan Bell examines the scene.
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The Asian Development Bank (ADB) has approved a loan for Uzbekistan’s Surgil Natural gas Petrochemical Plant.
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January
The World Bank has pledged to assist countries of emerging Europe and Central Asia with $27 billion in funding, including trade finance.
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Deutsche Bank has signed a bilateral Euler Hermes-backed deal to help fund the construction of three pig farms in Russia.
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Ivanhoe Mines has approved a jumbo bridge facility to help fund the first phase of its ECA-backed Oyu Tolgoi mining complex in southern Mongolia.
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Russian steel producer Magnitogorsk Steel and Iron Work (MMK) has created a new position of chief financial officer.
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Lenders have signed a covenant waiver agreement with Russian aluminium producer Rusal on its multibillion pre-export financing. Trade Finance provides full details on the new agreement.
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Russian steel producer NLMK has told lenders it no longer wishes to continue with its pre-export financing.
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Russian oil producer Rosneft has approached the market for a multibillion financing which is likely to involve a pre-export financing element.
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UniCredit has signed a loan agreement with Russian hydroelectricity provider RusHydro under cover from Austrian export credit agency OeKB.
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Export Development Canada has rejected a claim from Tepper farm after it failed to provide enough evidence for a rotten Russian potato deal.
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Russian steel producer NLMK is set to mandate banks for a new pre-export financing club deal when it returns from its Christmas break.
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Additional banks have joined Norilsk Nickel’s jumbo pre-export financing loan, used to help fund the Russian miner’s equity buy-back.
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Deutsche Bank has signed a bilateral Euler Hermes-backed deal to help fund the construction of three pig farms in Russia.
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RBS has signed a secured syndication for Russian and Ukrainian dairy producer Milkiland.
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Law firm Norton Rose Group has merged with Canada’s Macleod Dixon allowing the firm to expand into Latin America and Central Asia for the first time.
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Citi has arranged a trade finance loan for Ukrainian sugar manufacturer Astarta-Kiev.
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The Export-Import Bank of Korea and Kazakhstan’s Kazkommertsbank have signed a bilateral loan agreement.
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Russian wood supplier Amurskaya wins support from export credit agency JBIC for the purchase of Japanese processing equipment.
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Belarusbank: a crucial role in the servicing of trade in Belarus