OREANDA-NEWS. In the course of the International Investment Forum Sochi-2014, State Corporation 'Bank for Development and Foreign Economic Affairs (Vnesheconombank)' and OJSC Sberbank of Russia signed an agreement on cooperation to enhance and support Russian exports.

On behalf of Vnesheconombank the agreement was signed by Chairman Vladimir Dmitriev and on behalf of Vnesheconombank - by President - Board Chairman German Gref.

The agreement sets forth main lines and principles of cooperation between VEB and Sberbank in implementing Russian companies' export projects including raising funds to finance them. The agreement's implementation would help to strengthen export potential of Russian producers of innovation and high technology products, diversify national export of products, services and technologies as well as make Russian companies more competitive on the world's market.