EDB Commences Financing Sukhoi Superjet 100 Project

On Wednesday, the EDB entered into a loan agreement with Grazhdanskiye Samolyoty Sukhogo (GSS) as part of a project to develop the new Russian regional jet Sukhoi Superjet 100. This agreement was signed by Sergei Ryabov, Deputy Chairman of EDB Executive Board, and Maksim Grishanin, Senior Vice-President of GSS.

Financing will be provided via a credit line with a limit of $100 million, which will be opened for ten years. The Bank’s resources will be applied for the specific purpose of completing prototype models and launching the manufacture at an initial level and Russian and international sales of Sukhoi Superjet 100.

The Sukhoi Superjet 100 project is fully in line with the Bank’s strategic goals, as it will contribute to both the promotion of high technology and sustainable development of the Russian economy. Notably, about 2,000 jobs with competitive remuneration have been created in GSS’ production premises in Komsomolsk and Novosibirsk and the headquarters in Moscow.

The new Sukhoi Superjet 100 design is being developed by a potent international consortium and, due to its high export potential, will enable Russia to regain its competitive position on the global passenger jet market. To date, SSG has standing orders for 98 new jets from Russian and foreign airlines.