OREANDA-NEWS. In the course of the Petersburg International Economic Forum-2013, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and Open Joint Stock Company Russian Railways entered into an Agreement on Cooperation in implementing export and investment projects in foreign countries.

On behalf of Vnesheconombank the Agreement was signed by Chairman Vladimir Dmitriev and on behalf of OJSC RZHD – by President Vladimir Yakunin.

The parties intend to cooperate in implementing export and investment projects in foreign countries aimed at manufacturing and introducing Russian high-technology industrial products, supporting the export of products, services and technologies including in order to diversify national exports and boosting Russian institutions’ competitive edge on the world market.

Under the Agreement Vnesheconombank and OJSC RZHD agreed to conduct comprehensive examination of export and investment projects abroad to explore the possibility of their participation in funding them as well as make arrangements for funding projects in the case they are in line with requirements of the Memorandum on Vnesheconombank’s Financial Policies and in case of positive results of financial examination.

In the parties’ opinion the Agreement’s implementation would help to secure expanded access to the world market for Russian companies and products manufactured by them.