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Russian Agricultural Bank, Citi sign trade finance framework agreement

Tuesday 6 October 2009 08:24 CET | News

Russian financial services provider Russian Agricultural Bank (RusAg) has signed an agreement with Citibank Europe, a division of global financial services company Citi.

The framework agreement between RusAg and Citi Russia aims to facilitate financing of export and import contracts with RusAgs clients. The agreement provides additional opportunities in trade finance and will help strengthen business ties and boost cooperation between Russian Agricultural Bank and world financial institutions.

Russian Agricultural Bank JSC is a state owned bank whose mandate is to act as a state agent for the implementation of the governments financial policy in the agribusiness sector of the Russian Federation. It is the only state-owned bank in the Russian Federation exclusively focused on providing services to the country’s agricultural and rural population.


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Keywords: Russian Agricultural Bank, Citi Russia, trade finance framework agreement, export and import contracts
Categories: Payments & Commerce
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Countries: World
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Payments & Commerce






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