VEB will finance AVTOVAZ and IzhAvto

VEB will finance AVTOVAZ and IzhAvto

NAPI – Russian bank VEB will give 30 billion rubles credit to AVTOVAZ and AVTOVAZ affiliate: United Automobile Group (OAG). The aforementioned amount will be used in the modernisation of AVTOVAZ production line, new generation engine design and the development of new models planned to be manufactured at IzhAvto.

Tags: Avtovaz, IzhAvto, VEB