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Vnesheconombank and Union of Russian Timber Industrialists and Exporters Enter into Agreement

5 december 2007 года
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Today on December 5, in the course of Russian Prime Minister Victor Zubkov’s working tour to the Vologda region, State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” and the Russian Union of Timber Industrialists and Exporters entered into an Agreement on Cooperation.

The Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and Russian Union of Timber Industrialists and Exporters President Miron Tatsyun.

The two sides are determined to cooperate in working out schemes for raising funds to finance investment projects carried out  in the wood working industry as well as create favorable conditions for establishing mutually beneficial ties with businesses and organizations in the said industry.

In order to select promising investment projects, the Union is to establish an Expert Council responsible, among other things, for coordinating cooperation between the two sides.

For its part, Vnesheconombank would help the Union raise funds to finance investment projects as well as conduct expert’s examination of proposals by foreign banks, credit and finance companies to raise funds to finance projects.

 

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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