Today, on November 30, in the course of Russian Prime Minister Victor Zubkov’s working visit to Canada, The State Corporation “The Bank for Development and Foreign Economic Affairs (Vnesheconombank)”and Export Development Canada (EDC) entered into an Agreement on Cooperation.
The Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and EDC Senior Vice President Benoit Daignault and Regional Vice President Klaus Buttner.
Under the Agreement the two sides are determined to carry out investment projects, promote trade ties between Canada and Russia and expand cooperation in supporting the export of Russian and Canadian goods and services to third countries.
The Agreement provides for allowing for making arrangements for mid and long-term financing of projects, extending guarantees and insuring political and commercial risks. The two sides give top priority to projects in power engineering, coal mining, shipbuilding, aircraft construction and infrastructure projects as well as in environment protection projects.
This Agreement aims to promote stable economic and financial ties between Russia and Canada.
Export Development Canada is Canada’s official export credit agency designed to promote the export of Canadian goods, services and technologies. EDC cooperates with 6400 exporter companies represented in more than 200 countries in the world.
Origin: Vnesheconombnak Press Office
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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