Emerging Russian Firm Takes Place of Sanctioned Lender in Central Asia

Quick Summary:

RF with an under-the-radar firm is helping the country and its neighbors find a way around Western sanctions.

RF by International Development Projects LLC as the financial backer in major projects in Uzbekistan, the Kremlin continues to promote VEB.

The documents obtained from Russia’s Federal Tax Service suggest, however, that in several of these projects International Development Projects LLC has concluded the loan agreements, not VEB.RF.

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Article Details

Author / Journalist: Daniel Beizsley

Category: Economy

Markets: United StatesArmeniaBangladeshBelarusCambodiaChinaIndiaKazakhstanSouth KoreaKyrgyzstanMyanmarPakistanRussian FederationTaiwanTajikistanUkraineUzbekistan

Topics: Firm International Development Major Russia’s Bank 2023 Financial Russian Sanctions Projects

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-21 @ 03:11:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 2046 words

Reading Time: 12 minutes read

Sentences: 101 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 24575613

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