Under the agreement, ING Belgium, is also a co-financing bank. The newly signed agreement will replace the previous expired one and will allow VTB Bank to get EUR250m long-term loan facilities.
The agreement will facilitate trade turnover between the Russian Federation and European countries. VTB customers will get a new opportunity to materialize their own long-term projects to import equipment from Europe. The agreement is a further step undertaken by the bank to raise finance in the global capital markets to support and develop Russian enterprises.
