Global Trade Alert
Global Trade Alert

India: Loan to Vnesheconombank in Russia to finance imports from India

Announcement

07 Dec 2009

A new trade finance transaction was announced in December 2009.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

18 Jan 2010

Revocation date:

No revocation date

Updated: 07 Dec 2009
Trade finance In force

On 7 December 2009, the Government of India agreed to provide a loan of USD 100 million to the Bank for Development and Foreign Economics Affairs (Vnesheconombank) from Russia to financ...

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Updated: 07 Dec 2009
Local value added incentive In force

The credit agreement requires that at least 75% of the goods and services for this project are sourced from India.

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