VEB and JBIC to Finance projects in Russia

© RIA Novosti / Alexander Wolfparade in footballacademy WEF on platform IV of the Eastern economic forum in VladivostokVEB and JBIC to Finance projects in Russia© RIA Novosti / Alexander Wolfparade the image Bank

Vnesheconombank and the Japan Bank for International Cooperation (JBIC) will Finance projects in Russia with a focus on the regions of Eastern Siberia and the Far East, as well as foreign trade contracts between Russian and Japanese companies.

As reported the press service of the Corporation, the agreement on cooperation was signed by the parties in the framework of the Eastern economic forum. The ceremony took place in the presence of Russian President Vladimir Putin and Prime Minister of Japan Shinzo Abe.

«The agreement aims to support the development of trade-economic relations between Russia and Japan. It provides for the elaboration of mechanisms of joint financing of projects in Russia with a focus on the regions of Eastern Siberia and the Far East, as well as foreign trade contracts between Russian and Japanese companies», — stated in the press release of the Bank.

The document defined the list of sectoral priorities, in particular, we are talking primarily about projects in the field of waste management, water treatment, transportation, development of renewable energy and agriculture.

«The priority of VEB is a maximum integration in the agenda of expanding cooperation with Asia-Pacific countries, decisions of the tasks set by the President,» — are reported words of the Chairman of Vnesheconombank Igor Shuvalov.

The plan of bilateral cooperation of the eight points was proposed by Shinzo Abe during his visit to Russia in may 2016. In December of the same year during a visit to Japan Vladimir Putin signed about 80 documents on bilateral cooperation, 20 documents were signed during the reciprocal visit of Shinzo Abe to Moscow last year.

MIA «Russia today» is the General information partner of international economic forum.

VEB and JBIC to Finance projects in RussiaIV international economic forum

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