OREANDA-NEWS. August 3, 2009. State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and State Export-Import Bank of Thailand entered into an Agreement on Cooperation.

On behalf of Vnesheconombank the Agreement was signed by Management Board Member - Vnesheconombank First Deputy Chairman Nikolai Kosov, on behalf of the Thai Bank – by its Senior Executive Vice President Kittiporn Limpisvasti.

The Agreement aims to promote further cooperation between the two parties in implementing projects carried out by Russian and Thai companies including those on a long-term basis.

The Agreement would help increase goods turnover between Russia and Thailand including Thai supplies of equipment and services under investment projects implemented on the territory of the Russian Federation and in third countries as well as Russian companies’ industrial exports to Thailand.