OREANDA-NEWS. October 2, 2008. State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Khabarovsk Territory Government entered into an Agreement on Cooperation.

The Agreement was signed by Management Board Member - Vnesheconombank Deputy Chairman Anatoly Ballo and Khabarovsk Territory Governor Vladimir Syrkin.

The Agreement aims to establish strategic partnership and promote long-term and effective cooperation between the two sides in investment activity.

Under the Agreement the two sides are determined to cooperate in raising funds to finance investment projects planned to be implemented in the Khabarovsk Territory. Specifically, top-priority, promising projects are considered to be those in infrastructure and fuel and energy sector. A list of projects is to be made in line with criteria stipulated in the Memorandum on the Bank’s financial policies and on the basis of the Khabarovsk Territory socio-economic development priorities.

The implementation of this Agreement would help to achieve top-priority objectives of the region’s socio-economic development and boost its economic and industrial potential.