Russia: The State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) has agreed with HSBC Bank to extend additional credit facilities worth up to Euro25.2m for the construction of a cement plant in the Kaluga region by the Kaluga Cement Plant company. Credit facilities are to be extended for a total period of up to eight and a half years against insurance coverage of Denmark's Export Insurance Agency, EksportKreditFonden. This project will help to develop production facilities and create new jobs.
Kaluga Cement Plant secures Euro25.2m loan
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