OREANDA-NEWS. April 28, 2012. Gazprombank and Export-Import Bank of China signed a Framework Loan Agreement at the Russia-China Trade and Investment Forum, held in Moscow during the official visit by Li Keqiang, Vice-Premier of the State Council of the People's Republic of China.

Based on the signed Agreement, Gazprombank will obtain an RMB 1 billion facility, and the earlier Basic Facility Agreement (in respect of medium and long term USD denominated debt financing in connection with import of Chinese equipment and relevant services into Russia) will be extended.

These agreements will enable Gazprombank to offer to its corporate customers more flexible and better terms of the medium and long term multicurrency loans for importing of Chinese commodities, equipment and services.