EXIM BANK SLATED TO PROVIDE AID TO RUSSIAN UNIT
The U.S. Export Import Bank is preparing to approve $245 million in financing for Permneft, an oil production unit in Russia's Perm region. The comprehensive loan guarantee is for the first transaction the bank's board has considered under a recently concluded oil and gas framework agreement. The proposal will be referred to Congress, which is required to review all ExIm Bank loans or guarantees exceeding $100 million.