OREANDA-NEWS. April 13, 2011. State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and ING Bank N.V. (The Netherlands) entered into individual Credit Agreements for a total amount of about 25 million euros.

These Agreements provide for extending credit resources to Vnesheconombank against insurance coverage of the Atradius Export Credit Agency (The Netherlands).

Under the Agreements the credit line is to be used to fund projects to be implemented by CJSC GRAS to supply equipment to the territory of the Russian Federation from the Netherlands.

ING Group is a global company of Dutch origin with a 150-year history. The company provides a wide range of financial services including banking, insurance and trust management services in more than forty countries in the world. In Russia the Group is represented by ING BANK (EURASIA) CJSC.