Ex-Im Bank Signs $1 Billion Deal to Boost Exports to Russia
The Export-Import Bank of the U.S. signed a $1 billion deal with the Sberbank of Russia to facilitate increasing U.S. exports of goods and services to Russia and other countries in which Sberbank operates and Ex-Im Bank programs are available,…
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they said. Ex-Im Bank Chairman Fred Hochberg said "there are tremendous opportunities for U.S. exporters to sell into these markets." Ex-Im sees big potential for U.S. companies is concentrated in aviation, infrastructure, and energy, including both conventional and renewable energy, it said. Ex-Im will consider increasing the amount of financing support if demand exceeds $1 billion, it said.