China Development Bank opening $1-bln credit line for Russia's VEB
MOSCOW. June 17 (Interfax) - China Development Bank is opening a credit facility of $1 billion for Russia's Vnesheconombank (VEB), VEB said in a statement.
The banks have signed a frame agreement on the facility.
VEB said the purpose of the agreement was cooperation between the banks in arranging funding for investment projects to be implemented in Russia with the involvement of Chinese companies.