Louis Dreyfus Vostok LLC

Building on last year's support of an investment by Louis Dreyfus Negoce S.A., MIGA provided an additional $5 million guarantee for the company's loan to Louis Dreyfus Vostok. This brings total MIGA exposure for the project to $20 million. The guarantee will support a recently established agricultural trading company in Russia, offering coverage against the risks of transfer restriction, expropriation, and war and civil disturbance.

The project involves the promotion of efficient local distribution channels for wheat and sunflower oil, reducing the current wastage of these two products. Approximately 95 percent of all goods and services will be procured locally. The project is expected to create 75 new jobs and provide training in logistics, international trade, and market-risk analysis.