Russian Export Center, Uzbek bank sign co-op agreement
By Trend
The Russian Export Center and the National Bank for Foreign Economic Activity of Uzbekistan signed an agreement on cooperation.
The agreement was signed by head of the Russian Export Center Petr Fradkov and chairman of the bank’s board Sukhrob Kholmuradov.
The document formalizes agreements on setting up a credit limit for operations with the bank in the amount of $100 million related to the financing for the supply of Russian-made products to Uzbekistan, the Russian Export Center said.
The Russian Export Center has a positive experience in insurance of export loans and investments from business and political risks.
The trade turnover between Uzbekistan and Russia in the supply of high-tech goods and Russian production services is constantly increasing.
The conclusion of the agreement will further increase the export cooperation between the countries.
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