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Agreement Signed Between Czech Trade Bank And Vneshekonombank

Russia » Economics

An agreement was signed between the Czech trade bank and Vneshekonombank (Russia) in Prague. According to it, a 20m-dollar line of credit will be allocated for supplying goods and services from the Czech Republic to Russia under guarantees of an exports insurance agency. This agreement will help to finance 1 to 5 year long projects and "will be intensifying Russian-Czech collaboration," a source in the Russian delegation reported.

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