Under this General Agreement JBIC will provide long-term loans to Sberbank for financing of exports of equipment, machinery and services from Japan.
During the signing ceremony Herman Gref stated: “We have been working with JBIC for a few years already and have successfully closed several important deals under the previous Loan Agreement. Signing of the new General Agreement today will enable us not only to increase the total volume of our cooperation to USD 600 million but also to enhance our capabilities in offering our clients efficient financing solutions for various types of projects including imports of highly technological Japanese goods and equipment and development of local production in Russia and other countries of our presence together with Japanese companies”.
