Defense chief names strategically important regions for RussiaRussian Politics & Diplomacy May 24, 10:29
Russian defense contractor develops domestic air traffic control systemMilitary & Defense May 24, 9:45
New radar system enters combat duty in Russia’s Far EastMilitary & Defense May 24, 9:24
Language quotas for Ukraine’s TV will only fuel tensions — media groupSociety & Culture May 24, 8:49
Syrian troops repel militant attack west of Palmyra — mediaWorld May 24, 8:08
Foreign businesses lack state guarantees for their investment in RussiaBusiness & Economy May 24, 7:55
Russian 'soldier of the future' combat gear tested in SyriaMilitary & Defense May 24, 6:41
London police say investigation into Manchester blast ‘fast-moving’World May 24, 5:21
Investigators release Gogol-Center artistic director after questioningSociety & Culture May 24, 2:32
VLADIVOSTOK, September 3. / TASS/ Japan Bank for International Cooperation (JBIC) will provide a credit line for infrastructure development of ports of Nakhodka and Vostochniy in the amount of $700-800 mln, said Tadashi Maeda, Senior Managing Director at the Japan Bank for International Cooperation (JBIC) who spoke with TASS at the Eastern Economic Forum.
"This is not an investment project, this is a loan, a series of loans through the credit line we have with four major banks in Russia - VTB, VEB, Gazprombank and Sberbank," he said. "This is not a large sum, $700-800 mln," Maeda added. According to him, the decision on the credit line for the Vostochniy port has already been made, while the Nakhodka port loan is still under discussion.
Maeda also said that Japan is making its decision based on the fact that the quality infrastructure will be used over the years. In addition, he said that "there will not be any direct influence" by the weakening ruble on the implementation of investment projects by Russia's foreign partners. "The exchange rate is constantly changing," said Maeda.