14:27 Dmitry Pankin: Enhancing transport infrastructure is of common interest to the One Belt, One Road initiative and the EAEU
14:00 EDB: The issue of surplus power generation can be solved by the expansion of exports, but trans-boundary power grids need to be developed jointly to this end
17:03 EDB and the Kyrgyz Republic sign a US $110 million credit agreement to be financed by the EFSD
EDB provides a US $90 million loan facility to the Industrial Metallurgical Holding
Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.
Read more at http://eabr.org/
The Industrial Metallurgical Holding is a Russian vertically integrated metallurgical company manufacturing commercial iron, producing and processing metallurgical coal and iron ore, and engaged in foundry and powder metallurgy. IMH is the world’s largest exporter of commercial iron and Russia’s top supplier of coke. The group’s key production assets are located in Kemerovo, Belgorod, Tula and Kaluga Regions of Russia.
KMAruda is part of IMH’s ore and iron division. It pioneered the development of the world’s largest iron ore basin, the Kursk Magnetic Anomaly. The company was founded in 1953 and is located in Russia’s Central Black Earth Region. It extracts banded iron formations from the Korobki deposit and produces high-quality iron ore concentrate. Tulachermet has been its permanent buyer since 2006.
EDB Media Centre:
+7 (727) 244 05 45 ext. 6147 (Almaty)
+7 (495) 645 04 45 ext. 2724 (Moscow)
29 December, 2016