Arab News, Saturday, Oct 16, 2021 | Rabi Al-Awwal 10, 1443
Saudi Export-Import Bank signs $25m financing for Ukraine counterpart
Saudi Arabia:
The Saudi Export-Import Bank
signed a recently approved financing worth $25 million for Ukraine state-owned
Export-Import Bank (Ukreximbank) to support importers of Saudi goods, services
and products in Ukraine and its neighbors, SPA reported.
This financing is considered the first credit line
available to a financial institution in Ukraine, creating promising
opportunities for Saudi exporters in several sectors, especially the irrigation
and agricultural services sector.
Saudi EXIM also signed an MoU with the Russian
Agency for Export Credit and Investment Insurance (EXIAR) to enhance cooperation
between the two sides on several levels, including the exchange of experiences
and effective credit practices.