OREANDA-NEWS. Vnesheconombank and Open Joint Stock Company Savings Bank Belarus (OJSC JSSB Belarusbank) signed an agreement on providing up to500 million rubles to fund National Union "Belarus Railway".

Under the agreement, Vnesheconombank's credit facilities are to be used to pay for equipment to be supplied to National Union "Belarus Railway" by Russian companies to modernize diesel-powered locomotives.

The said transaction is being conducted by Vnesheconombank as part of providing support for Russian high-technology products exports.

OJSC JSSB Belarusbankwas founded in 1922 and is the largest financing institution by the amount of assets.