OREANDA-NEWS. December 23, 2008. A meeting between Vnesheconombank Chairman V.A. Dmitriev and Prime Minister of Belarus S.S. Sidorsky was held today, on December 20, in the city of Minsk (the Republic of Belarus). In the course of the meeting the two men discussed issues of expanding economic cooperation between Russia and the Republic of Belarus.

Upon the completion of talks, a Memorandum on Cooperation between State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Government of Belarus was signed.

On behalf of Vnesheconombank the memorandum was signed by Vnesheconombank Chairman Vladimir Dmitriev and on behalf of Belarus’ Government – Deputy Prime Minister Andrei Kobyakov.

Under the Memorandum the parties intend to cooperate in the following fields:
Joint financing of investment projects in the Republic of Belarus in transport and power engineering infrastructure, petrochemistry, oil refining with a view to exporting Russian goods, works, services against full or partial state guarantee of the Republic of Belarus.
All payments on export-import transactions between the Russian Federation and the Republic of Belarus are to be made by Vnesheconombank and its subsidiary OJSC Belvnesheconombank.
Consulting and organizations of transactions in purchasing assets by Russian companies in the Republic of Belarus in the course of privatization.
Providing financial assistance to and supporting Russian industrial exports (goods, works, services).

Vnesheconombank’s participation in implementing projects in the said fields is in line with main lines of activity and priorities set forth by the Memorandum on Vnesheconombank’s Financial Policies and would help expand bilateral economic cooperation between the Republic of Belarus and the Russian Federation and implement the Concept of Developing the Union State.