VTB as the agent bank began to serve the credit of the Development Bank of China for Rosneft and Transneft

VTB as the agent bank began servicing loans to the Development Bank of China, the Russian companies OAO Rosneft and OAO Transneft. According to the press office of the bank. In accordance with the terms of multilateral agreements, VTB Bank provides settlement functions of the loan and export contracts of Russian companies. As reported May 26, Rosneft, VTB has received from the first 400 million dollars, and at the end of May the company has selected a total of $ 800 million. Transneft to start sampling the loan is not reported. Total amount of loan for Rosneft is 15 billion dollars, "Transneft" - $ 10 billion. Funds are provided on the development of Russian-Chinese cooperation in the oil sector in the intergovernmental agreement signed in April 2009, Deputy Prime Minister Igor Sechin, Vice Premier Wang Qishan. The document, in addition to providing credit facilities, provides long-term supply of oil to China and the construction of a branch of the Russian oil pipeline "Eastern Siberia-Pacific Ocean to China. Repay the loans will be part of the proceeds from Russian oil supplies China National Petroleum Corporation (CNPC) on the challenge of ESPO.