IBEC develops cooperation with the Russian Export Center

Denis Ivanov, Chairman of the IBEC Board, had a working meeting with Veronika Nikishina, CEO of the Russian Export Center. REC is a state-owned development institution supporting Russian non-commodity exports, part of the VEB.RF group.

IBEC Head presented its vision of cooperation format between IBEC and REC on supporting Russian exports to both the Bank’s member states and other countries. The parties discussed the prospects of using trade finance instruments to support and stimulate international trade contracts, and in particular the supply of Russian goods.

During the meeting, the parties also considered the possibilities of joint programs to finance Russian foreign trade, tools to support Russian non-commodity exports, and preliminary agreements were reached on the elaboration of specific activities and funding projects.

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