Vnesheconombank concluded a memorandum of understanding with SACE, the italian export credit agency

In the course of the St. Petersburg International Economic Forum State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” and the Italian export credit agency SACE (Cdp Group) have concluded a Memorandum of Understanding. The Italian company Danieli Officine Meccaniche S.p.A. took part in the signing ceremony.

On behalf of Vnesheconombank, the document was signed by First Deputy Chairman - member of the Board Nikolay Tsekhomskiy, on behalf of SACE – by Chief Business Officer Alessandra Ricci and on behalf of Danieli – by Representative of Danieli Group in Russia Antonello Colussi.

The document foresees cooperation between Vnesheconombank and SACE on financing projects with high added value aimed at promotion of Russian-Italian economic ties, on supporting investment projects of mutual interest for the Russian Federation and the Italian Republic in third countries. The parties have also agreed on establishing joint training programs and exchange of experiences.

SACE, a Cdp Group company, offers export credit, credit insurance, foreign investment protection services, financial guarantees, sureties and factoring. With operations worth €81 billion insured in 198 countries, SACE supports the competitiveness of Italian and foreign businesses, guaranteeing more stable cash flows and transforming risks into development opportunities.

Danieli Officine Meccaniche S.p.A. – one of the leading Italian companies specialized in engineering and manufacturing of steel making equipment supplied, particularly, to the Russian market.

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E-mail: press@veb.ru

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