In particular, the Agreement outlines the main parameters of strategic partnership and long-term cooperation aimed at increasing the volume of bilateral trade through providing loans to legal entities and individual entrepreneurs of Belarus importing non-resource goods, works and services produced in Kazakhstan (mineral resources, fuel, scrap metal and agricultural raw materials excluded).
The introduced instrument for supporting cross-border projects enhances the attractiveness of capital goods, machinery, equipment and other industrial goods import from Kazakhstan to Belarus. Also it provides Belgazprombank’s customers with a unique opportunity to receive financing in Russian rubles, Euros, US dollars at a reasonable price for 5 years or more.
Along with financial and insurance support, Belgazprombank and KazakhExport agreed to provide consultancy support to enterprises and individual entrepreneurs of the Republic of Kazakhstan and the Republic of Belarus to ensure their increased awareness of existing programs and instruments in the sphere of bilateral trade support.
For reference:
Belgazprombank, established in 1990 and controlled by Gazprom Group, occupies a leading position in lending to the private sector of the Belarusian economy, in particular small and medium enterprises as well as retail lending. The Bank is one of the largest financial institutions of the republic and holds leading positions in terms of introducing high-quality customer-oriented instruments for financing cross-border trade.
JSC "Export Insurance Company "KazakhExport" is an export insurance agency of Kazakhstan. Its main mission is to ensure the increase of export of non-resource goods, works and services in priority sectors of the economy. It promotes financial and insurance support as well as non-financial support of Kazakhstan enterprises.
