OREANDA-NEWS. In the course of President of the Argentine Republic Cristina Fernandez de Kirchner's formal visit to the Russian Federation, Vnesheconombank and the Bank of Investment and Foreign Trade of Argentina signed a Memorandum of Understanding.

On behalf of Vnesheconombank the Memorandum was signed by Chairman Vladimir Dmitriev and on behalf of the Bank of Investment and Foreign Trade of Argentina - by President Mr. Federico Pastrana.

Under the Memorandum the parties agreed to cooperate in implementing investment projects. Projects designed to develop socio-economic infrastructure including industrial, transport and power engineering infrastructure; projects in ecology, sustainable development as well as projects on providing support for small and medium-sized enterprises in Russia and Argentina and for exports are considered as top-priority ones.

The parties agreed to take actions to share business experience and information in various sectors associated with the financing institutions' activity.