‘Foreign banks and crediting agencies are willing to cooperate with the Russian companies and are very positive about Russia’s future economic development,’ Landesbank Berlin AG Export Financing Director Bernd Schmidt announced at an Interfax press conference.

‘Sometimes direct interaction is possible, including cases when a bank and agency finance some long-term projects. In most cases, however, a customer needs some Russian bank as an intermediary. Actually, we choose our Russian partners very carefully and work only with the most reliable banks,’ he added.