Middle East Economic Survey

VOL. LI

No 38

22-Sept-2008

CASPIAN

Russias VEB To Establish $300Mn Credit Line For Kazakhstan

Russias state-owned Bank for Development and Foreign Economic Affairs (Vnesheconombank VEB) announced on 15 September that it plans to open a credit line worth up to $300mn for the Development Bank of Kazakhstan. This is intended to facilitate the flow of Russian goods and services into Kazakhstan. The credit line will be opened for up to two years and is to be redeemed within...