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Funding for Antei missiles

Credit line opened by Vneshekonombank

Published: 6/22/2000

Russia's state-owned Vneshekonombank (VEB) has opened a $7m credit line with the missile producer Antei NPO to cover the processing of the plant's financial business The entity, which incorporates a number of elements including the Kupol electrical engineering plant and a number of research institutes, has had considerable success of late exporting its Tor-M1 system to Greece and is currently delivering 21 systems worth $526m, which should be completed by August 2000 according to the company.

Article ID: 1870

 

 

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