
IBEC finances trade relations between Russia and Armenia
International Bank for Economic Co-operation continues to provide financial support to the development of foreign trade operations with the CIS states. Together with “Ardshinbank” CJSC (Armenia), IBEC finances two contracts for the supply of agricultural products from Armenia to Russia. Trade loans totaling EUR 4.5 million were issued for a period of up to 1 year and once again confirm the demand and effectiveness of trade finance products offered by IBEC. Read more