JBIC agrees export credit line for Sberbank of Russia

The Japan Bank for International Cooperation has signed an agreement with Sberbank of Russia for an export credit line totaling up to JPY30 billion to finance Japanese exports to Russia and its neighboring countries, including the countries of the Commonwealth of Independent States and Central Asia.

Sberbank will provide medium and long-term financing in Japanese yen to companies with potential business opportunities in Russia, particularly in the areas of infrastructure and energy.