ABB Low Voltage Products celebrates 20 years of business in China

Beijing, China. ABB’s Low Voltage Products division, a business of the leading power and automatio more


Russia’s Far East occupies one-third of the country’s territory and accounts for more than nine more

BRICS nations launch new development bank

A new international development bank and multi-billion emergency lending pool are set to be launched more

Nissan sold in Russia 1 million cars

The Nissan in Russia broke the mark of 1 million vehicles (including light commercial vehicles) for more

Rolls Royce sales surge by 11 percent in China

Rolls Royce the luxury motor car manufacture just announced a sales increase in the leading Bric cou more

Follow BricPartner on Twitter

"Companies need to focus their Export strategy on Growth markets having a plan for the Bric's is vital"

You are here » Home Page » News » EBRD lends Rb 1.7 billion to UniCredit Leasing Russia for energy efficiency

EBRD lends Rb 1.7 billion to UniCredit Leasing Russia for energy efficiency

2013-10-29 source
The financing, equivalent to €40 million, will be used for leases to energy efficiency projects

The EBRD is lending Rb 1.7 billion to UniCredit Leasing Russia (UCLR) – one of the country’s top leasing companies, with nation-wide coverage. The company will use the loan to finance new leases to energy efficiency projects, particularly to UCLR’s small and medium-sized enterprise (SME) clients in industry and agriculture, including those located outside the Moscow region.

Earlier, in 2011, the EBRD had lent Rb 1.2 billion to the company to provide leasing finance to SMEs for equipment and heavy vehicles.

Georgy Orlov, the EBRD’s Director for Financial Institutions in Russia, said: “Improving energy efficiency is one of the priority areas for the EBRD in the Russian financial sector. We have already invested over €100 million in similar projects. Working with UniCredit Leasing Russia represents another successful step in our efforts to help companies cut their energy use”.

Andrey Okhrimenko, Financial Director for UniCredit Leasing Russia, said: “EBRD financing will not only help us increase SME leasing for energy efficiency, but is also, in a way, a mark of quality of UCLR’s development strategy.”

Russia is one of the most energy-intensive countries in the region, with energy intensity 2.5 times that of the European Union. To help the country’s businesses reduce their energy consumption, the EBRD has established a special credit line programme – the Russian Sustainable Energy Financing Facility (RuSEFF). The facility also provides technical assistance to companies, supported by donor funding from Germany and the EBRD Shareholder Special Fund.

Author(s):Richard Wallis

BricPartner the Business Partner search experts for the Bric region


Featured Partners

Featured Partners

View more featured partners more


View Our Testimonials more


Developing Business In Brazil Russia India China and South Africa


Media Interactive Europe Limited

Trading as MiaBric & BricPartner
Office 1, St Saviour's Wharf, 23 Mill Street, SE1 2BE, UK
T: 0044 (0)20 7394 9488 F: 0044 (0)20 7394 6777