BAKU, Azerbaijan, Sept. 30
By Fakhri Vakilov – Trend:
Russian Sovcombank and UzAuto Motors JSC of Uzbekistan signed letters of credit agreement, Trend reports referring to Uzbek media.
The total amount of the contract is $100 million; the term of granting is 3 years.
The signing of an agreement took place at Uzbekistan Economic Forum 2021 currently being held in Tashkent.
Moreover, recently Trend reported that the National Bank of Uzbekistan and Russian Sovcombank signed a general agreement on attracting a credit line in the amount of $50 million.
The general agreement provides for the attraction of a credit line of Sovcombank for a period of up to 7 years without providing a state guarantee to Uzbekistan and insurance coverage of export credit agencies.
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