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Russia to finance KAMAZ exports to Uzbekistan

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Russia to finance KAMAZ exports to Uzbekistan

State Corporation VEB.RF and Kamaz Asia Leasing concluded a loan agreement to finance the purchase of KAMAZ machinery in Uzbekistan.

According to the agreement VEB will open a credit line with a limit of €12.5 million for acquisition of about 250 units of KAMAZ trucks and special vehicles assembled at UzAutoTRAILER from Russian-made parts and units. These machines will be further leased to Uzbek companies.

According to the chairman of VEB, now with the participation of the State Corporation in Uzbekistan is being implemented nine projects worth an estimated 23 billion rubles. Also in the near future, he said, it is planned to launch in excess of a dozen projects worth 365 billion rubles.

Kamaz Asia Leasing was established in Uzbekistan at the end of last year. It is a joint specialized leasing company, which on a parity basis established KAMAZ and UzAutoTRAILER.

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