The German IMA inter-ministerial committee on export guarantees has approved the decision to cancel restrictions set by the EULER HERMES export agency on transactions involving Russia’s SBERBANK. The limit on transactions was set at E200 million, SBERBANK has reported. The decision will enable the bank not only to finance an unlimited number of its clients’ projects involving imports from Germany to Russia but also implement the largest economic investment projects requiring huge financial resources which can be provided with EULER HERMES assistance.
Source: WWW.NOVECON.RU, November 20, 2006
