Ural Bank for Reconstruction and Development

Ural Bank for Reconstruction and Development to finance supply of Italian construction equipment of Italian company Linco Baxo in Russia . Term of the transaction is up to 4 years. The agreement was signed between UBRD and UBI Banca. Credit insurer under the agreement is Italian export agency SACE. Linco Baxo equipment will be delivered to the client of UBRD - Sukholozhsky Refractory Plant, which is one of the main manufacturers of energy-efficient new generation of refractories Sverdlovsk (home) region. It should be noted that SACE along with US Ex-Im Bank and Euler Hermes accepts long-term risks of UBRD. As Sergei Sisoshvili, Head of International Business, says this deal shows UBRD's strong positions in the international financial market and a high degree of confidence that the world's largest insurers place in UBRD. "In the future we plan to continue to attract long-term foreign capital for industrial development Russian regions", he continues.