OREANDA-NEWS. November 27, 2008. State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheeconombank)’ and OJSC Russian Agricultural Bank (OJSC Rosselkhozbank) entered into an Agreement on Cooperation.

The Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and OJSC Rosselkhozbank Management Board Chairman Yury Trushin.

This Agreement aims to join efforts of the two sides in increasing their capabilities and enhancing efficiency in financing and implementing projects and programs of national significance.

Under the Agreement the two sides intend to participate in implementing investment projects, among other things, through share participation in their financing, issuing bonds, eurobonds and raising syndicated loans.

The two sides are also determined to promote cooperation in providing financial assistance to small and medium-sized businesses, with this assistance being provided by Vnesheconombank through the Russian Development Bank.