Vnesheconombank and State Corporation ‘Rostechnologies’ Enter into Agreement

Today, on July 23, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and State Corporation ‘Rostechnologies’ entered into an Agreement on Cooperation.

The Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and State Corporation ‘Rostechnoloies’ General Director Sergei Chemezov.

The Agreement seeks primarily to establish a partnership and promote long-term, effective and mutually beneficial cooperation in implementing investment projects aimed at developing and manufacturing high-technology industrial products on the basis on innovation technologies as well as at supporting industrial exports and services, among other things in order to diversify national exports.

Under the Agreement signed, Vnesheconombank is to assist in conducting comprehensive expert’s examination of investment projects and structuring them with the participation of State Corporation ‘Rostechnologies’, in raising and/or co-raising funds to finance them including using a leasing mechanism and the Bank is also to offer consulting services on issues associated with these projects’ implementation.

On its part State Corporation ‘Rostechnologies’ stated its intention to regard Vnesheconombank as its partner in implementing investment projects and to provide all necessary information for working out potential schemes for financing them.

Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 608-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru

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