World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Stay Connected
x
Russian Federation

OAO Svetogorsk

$30 million
Manufacturing
Project Brief
Not Active

Project Facts

Project Facts

Project Facts

Russian Federation
Project ID
189
Guarantee Holder
International Paper Company
Investor Country
United States
Project Type
Non-SIP
Fiscal Year
1999

MIGA guaranteed the International Paper Company of the United States for its equity investment in a pulp and paper mill near St. Petersburg. The $30 million guarantee covers the investment against the risks of transfer restriction, expropriation, and war and civil disturbance.

The project, located about 250 kilometers north-west of St. Petersburg, involves the expansion and upgrading of the Svetogorsk mill. The investment will strengthen the local economy since the mill is the principal employer in the area, employing more than 2,700 Russians. The project will help to revitalize the Russian pulp and paper industry and increase the quality and availability of paper products in the domestic market.