Russian Consulate in Cape Town

🇷🇺🇨🇳🇿🇦Russia's national economic development institution VEB.RF signed an agreement with China and South Africa for credit lines in national currencies. Chairman Igor Shuvalov emphasized the importance of deepening multilateral and bilateral ties among financial institutions. "We've agreed on a new framework for cooperation, and we hope Brazil and India will join this initiative soon," Shuvalov stated. 🤝 He also highlighted that the exchange of experience between banks and #BRICS interbank cooperation members is central to their efforts. “VEB.RF presented its main product – a project finance factory program. We believe that sharing mixed financing practices will enhance the prospects for implementing joint projects in a multilateral format,” Shuvalov emphasized. #BRICS#VEB#InternationalCooperation