OREANDA-NEWS. In the course of Russian President Vladimir Putin's working visit to Italy Vnesheconombank and Company CO.MO.I. Group SA signed a Letter of Understanding. The Letter was signed in the presence of Russian President Vladimir Putin and Italian Prime Minister Enrico Letta as part of Russian-Italian summit interstate consultations underway in the city of Trieste.

On behalf of Vnesheconombank the Letter was signed by Chairman Vladimir Dmitriev and on behalf of CO.MO.I. Group SA - by Managing Directors Tarcisio Pico and Sergio Zoncada.

The parties agreed to cooperate in making arrangements for trade financing of Vnesheconombank's customers under contracts with Italian suppliers.

Group SA is an international group of companies. It was established in 1984. It is comprised of companies based in Italy, Luxemburg and Switzerland. The Group is specializing in providing services to private corporate customers in assets trust management as well as in providing consulting services.