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Vnesheconombank Signs Memorandum of Mutual Understanding with Kazakhstan Development Bank

30 march 2007 года
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Today, on March 30, in the course of Russian Prime Minister Mikhail Fradkov’s working visit to Kazakhstan Vnesheconombank and the Kazakhstan Development Bank signed a Memorandum of Mutual Understanding.

The Memorandum was signed by Vnesheconombank Chairman Vladimir Dmitriev and Kazakhstan Development Bank President Askar Sembin.

The Memorandum aims to expand cooperation between Russia and Kazakhstan in developing the timber processing industry.

Under the Memorandum the two sides are determined to explore the possibility of financing Inter Forest Company’s (Kazakhstan) project to purchase and modernize the Maklakov Timber Processing Sawmill (Russia).

The signing and further implementation of the Project would be a significant step in promoting economic ties between the Russian Federation and Kazakhstan.

 

 

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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