OREANDA-NEWS. In the course of Russian President Vladimir Putin’s official visit to the Republic of Korea Vnesheconombank and the Export –Import Bank of Korea (KEXIM) signed a Memorandum of Understanding. The Document was signed in the presence of Russian President Vladimir Putin and Korean President Park Geun-Hye.

On behalf of Vnesheconombank the Document was signed by Chairman Vladimir Dmitriev and on behalf of KEXIM – by Kim Yong Hwan.

The Memorandum of Understanding is designed to create a Russian-Korean investment platform to promote economic cooperation between the two countries and expand potential for joint funding of projects on the territory of the Russian Federation including the Far East and Siberia.