Today, on May 23, in the course of Russian President Vladimir Putin’s formal visit to Austria during the Russian-Austrian Business Forum Vnesheconombank and Bank Austria Creditanstalt AG signed an Agreement on Cooperation in implementing Kyoto Protocol provisions designed to formulate conservation policy and prevent climate change.
The Agreement was signed by Vnesheconombank First Deputy Chairman Nikolay Kosov and Bank Austria Creditanstalt Executive Director Erich Hampel.
The Agreement provides for promoting cooperation between Vnesheconombank and Bank Austria AG in selecting, assessing and preparing projects, which will help create favorable conditions for working out, implementing and spreading ecologically safe technologies.
The Agreement also enshrines the two sides’ intentions to jointly explore and work out projects aimed at reducing atmospheric greenhouse gases emissions, assess risks and prepare optimal schemes for funding and supporting such projects, raise funds to finance them jointly.
The signing and further implementation of the Agreement would enable Vnesheconombank and Bank Austria AG to be among the first financial institutions in Russia and Europe to take practical steps internationally to support and introduce basic innovative mechanisms aimed at reducing environmental pollution enshrined in the Kyoto Protocol to the United Nations Framework Convention on Climate Change.
Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 208-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru
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