VEB RF and a plant in Uzbekistan will open a credit line of up to 1.8 billion rubles
2020-11-11 05:27

VEB RF and a plant in Uzbekistan will open a credit line of up to 1.8 billion rubles

The Russian State Corporation for Development VEB.RF and the Almalyk Mining and Metallurgical Plant have entered into a credit facility agreement for up to 1.8 billion rubles.

This money will finance the export of high-tech products from Russia to Uzbekistan to modernise the enterprise.

In particular, drilling rigs, mixing and charging machines and machines for driving collectors will be supplied.

According to Daniil Algulyan, Deputy Chairman of the Russian Corporation, joint activities during the modernization of the Almalyk plant is an opportunity for Russian companies to increase the market for their own products. He stressed that this work represents a mutually beneficial partnership, which will allow not only to develop trade relations between the two countries, but also support domestic exporters by loading their production capacities.

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Author: Kseniya Gustova