Global Trade Alert
Global Trade Alert

India: Line of Credit to Mongolia for crude oil refinery plant construction

Announcement

16 Jan 2025

In January 2025, India's Export-Import Bank entered into an agreement with the Government of Mongolia to provide a USD 700 million Line of Credit. The financing is intended for the construction of a crude oil refinery plant in Mongolia.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

06 May 2025

Revocation date:

No revocation date

Updated: 16 Jun 2025
Local value added incentive In force

On 16 January 2025, the Export-Import Bank of India (Exim Bank), supported by the Government of India, entered into an agreement with the government of Mongolia to provide a USD 700 million Line of...

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Updated: 16 Jun 2025
Trade finance In force

On 16 January 2025, the Indian Export-Import Bank of India, on behalf of the Government of India, extended a USD 700 million Line of Credit (LoC) to the government of Mongolia. This financing is in...

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