News

International Bank for Economic Co-operation acted as a co-underwriter for the issue of green bonds of the Russian Center-Invest Bank. The securities were placed in the sustainable development sector of the Moscow Exchange in the amount of RUB 300 million. The issue meets the highest requirements for this type of instrument, formulated in the International Capital Markets Association (ICMA) - Green Bond Principles. The Issuer guarantees that the funds raised will be used to finance energy efficient projects in industry, agribusiness, housing, communal services and other sectors.

International Bank for Economic Co-operation has implemented the first documentary trade finance transaction (irrevocable reimbursement obligation issuance) with the Trade and Development Bank of Mongolia (TDBM). The reimbursement obligation was issued in favor of one of the leading European banks within the framework of the implementation of a foreign trade contract for the supply of specialized construction and loading equipment to Mongolia — mobile cranes.

The Financial and Business Association of Euro-Asian Cooperation held the 7th annual forum "Greater Eurasia in Search of New Forms and Directions of Cooperation".The event was held with the support of the Russian Union of Industrialists and Entrepreneurs and the Eurasian Economic Commission. Taking into account the epidemiological situation, the forum was held in the videoconference mode, which, however, had its advantages – the participants could quickly "move" between the three industry panel discussions, without missing interesting topics and speakers.

International Bank for Economic Cooperation continues its policy of supporting the export potential of the participating countries. The Bank completed transactions to ensure the supply of Russian metallurgical products to Uzbekistan – steel pipes produced by the Chelyabinsk Pipe Plant.