Global Trade Alert
Global Trade Alert

UK: signs MoU with Alfa Bank to promote British exports in Russia

Announcement

13 Nov 2013

In November 2013, the British government announced a change in its trade finance instruments.

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Number of interventions

2

0 certainly harmful

2 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

No implementation date

Revocation date:

No revocation date

Trade finance

On 13 November 2013, the UK Export Finance agency announced that it had signed a Memorandum of Understanding with the Russian Alfa Bank to promote British exports to Russia. The deal included a 50 mi...

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Local value added incentive

According to a media report (cf. Sources), UKEF provides loans under the condition that at least 25% of the loan is targeted to support British jobs.

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