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Russian Development Bank helps ECA market

23 December 2004

Read more: finance ECA export trade

The Russian Development Bank (RDB) has come into the export credit agency (ECA) finance market with $5 million-plus worth of deals for the Nizhny Tagil steel works, one of Evrazholding's key production subsidiaries.

The state-owned bank, founded in 1999 and given a capital base of 5.8 billion roubles (roughly $200 million) by the government, reports a five-year,...


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