On April 30 the headquarters of FBA EAC hosted a business meeting with the management of Commercial Indo Bank LLC Moscow.

The meeting was organized with the participation of the member of FBA EAC Coordinating Council, Vice-President of Association, President of Soltex Group Kumar Manish.

FBA EAC was represented by Oleg Berezovoy, General Director, Kumar Manish, member of Coordinating Council, Vice-President, President of Soltex, Roman Fadeev, Vice-President of finance of “Silk Way” UCE, Sofia Arkhipova, Head of Analytical Department.

Indo Bank was represented by Mr. Pradeep, member of the Board of Directors, President and Handa Kunal, Assistant Vice-President (Credit).

The meeting covered the issues of expanded contacts with the Indian banks, the cooperation with “Silk Way” UCE aimed at settlements optimization between the Indian, Kazakh and Russian companies via the clearing center of the Exchange.

Besides the meeting discussed the possibilities to shift to the direct settlements between the Russian and Indian companies in national currencies. The syndicated lending of the Indian corporations for the purchase of oil products was also on the agenda.

The meeting was held in a friendly business atmosphere.

From left to right: Handa Kunal, Assistant Vice-President (Credit) of Indo Bank, Mr. Pradeep, member of the Board of Directors, President of Indo Bank, Oleg Berezovoy, General Director of FBA EAC, Kumar Manish, member of FBA EAC Coordinating Council, Vice-President of Association, President of Soltex Group.