The Export-Import Bank of the United States or Ex-Im Bank and Sberbank of Russia signed a $1 billion Memorandum of Understanding or MOU to facilitate increasing U.S. exports of goods and services to Russia and other countries in which Sberbank operates and Ex-Im Bank programs are available.
According to the terms of the agreement, Ex-Im and Sberbank intend to support up to $1 billion in U.S. exports to buyers in Russia and other target countries through 2014. And Ex-Im will consider increasing the amount of financing support should demand exceed $1 billion.
Ex-Im Bank exposure in Russia at the end of Fiscal Year 2011 (September 30, 2011) was approximately $315 million, of which $117 million was authorized in fiscal 2011.
Ex-Im Bank noted that it intends to consider providing direct, medium- and long-term financing to Sberbank, and guarantees and export credit insurance to third parties lending to finance U.S. export transactions.
In support of the agreement, both Ex-Im and Sberbank have pledged to undertake individual or joint marketing activities, and to enhance business relationships between executives and middle management levels.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.