UralChem gets Afreximbanks letter of credit for exports to Zambia - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

UralChem gets Afreximbanks letter of credit for exports to Zambia

MOSCOW, Apr 12 (PRIME) -- Russian fertilizer producer UralChem has received a letter of credit from African Export-Import Bank (Afreximbank) for exports of fertilizers to Zambia, Dmitry Mazepin, chairman of UralChems board of directors and chairman of the RussiaZimbabwe business council, said on Thursday at a meeting of the council.

There is a mechanism of raising money from Afreximbank. For instance, weve already received a U.S. $20 million letter of credit under the mechanism. We export fertilizers to Zambia and receive the letter of credit of Afreximbank when our goods come to the country, he said.

In 2017, the Russian Export Center became one of the shareholders of Afreximbank. In February, Mazepin met with the leaders of Zambia and Zimbabwe and discussed cooperation of the countries with fertilizer producers Uralkali and UralChem. He also estimated possible exports of fertilizers of the two companies to Southeast Africa at 500,000600,000 tonnes per year.


12.04.2018 19:11
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 71.7453 +0.0243 24 apr
USD 63.7906 +0.0046 24 apr
Stock Market Indices
1D 1W 1M 1Y
rtsi 1283.20 +0.60 12:53 23 apr
micex 2596.90 +0.47 12:53 23 apr
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 163.54 +0.02 12:38 23 apr
lkoh 5819.00 +2.27 12:38 23 apr
rosn 448.10 +1.93 12:38 23 apr
sber 237.17 +0.75 12:38 23 apr
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 71.7225 -0.1900 12:33 23 apr
USDTD 63.8350 -0.1775 17:44 23 apr