OREANDA-NEWS. The XV International Investment Forum Sochi 2016 saw Vnesheconombank and JSC Russian Railways sign a cooperation agreement.

For Vnesheconombank, the agreement was signed by Chairman Sergey Gorkov, for JSC Russian Railways – President Oleg Belozerov.

The parties have agreed to promote and expand strategic cooperation between the VEB Group and the Russian Railways Holding.

Sergey Gorkov: "This strategic agreement is of importance to us since JSC Russian Railways is the largest transport corporation in Russia. In its turn, our subsidiary VEB-Leasing is also a major player in the railway services market. We see the potential in terms of not only railroad cars but also special equipment, locomotives, and property complex.".

In compliance with the document, VEB will be a partner of the Russian Railways Holding to lease, rent out, or otherwise lawfully make available the Bank’s property to the Russian Railways Holding for any transactions of the latter.