RUSSIA
April 1st, 2002
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development is joining with Raiffeisenbank Austria to set up a US$12 million pilot leasing facility, to allow Russian mining and construction companies to secure equipment from top mining machinery manufacturer Caterpillar Inc. The EBRD is lending US$8 million to Raiffeisen-Leasing, Moscow, Raiffeisenbank's Russian leasing arm so that local firms can overcome the country's traditional shortage of longer-term funding. Raiffeisenbank will put up the other US$4 million.Said James Tevebaugh, Caterpillar's CIS ...
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