EDB and Interskol sign a letter of intent

Astana, 4 October 2016. Eurasian Development Bank (EDB) and Interskol signed a letter of intent today in Astana. The document was signed at the 13th Forum on Inter-Regional Cooperation between Kazakhstan and Russia attended by the heads of state.

The parties intend to cooperate in fulfilling and financing a project to improve workload at the company's production facilities in Russia's Alabuga Special Economic Zone, and set up new enterprises in Kazakhstan and Belarus.

The letter of intent confirms EDB's agreement to consider project finance options. The project is expected to promote cooperation between Kazakhstan, Russia and Belarus in production and logistics. New facilities in Kazakhstan and Belarus are planned to be commissioned before the end of 2017.

Additional Information about the Bank:

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 https://eabr.org/

EDB Media Center:
+7 (727) 244 40 44 ext. 6147 (Almaty)
+7 (495) 645 04 45 ext. 2732 (Moscow)
e-mail: pressa@eabr.org