OREANDA-NEWS  On 20 November was announced, that JSC RZHD, Transcreditbank and a number of other major Russian banks endorse a package of initiatives intended to support the real sector of Russia’s economy. The package of initiatives was developed by JSC Russian Railways jointly with leaders of Russia’s banking community with a view to support sustainable financing of the real sector of economy, as well as for development of infrastructure projects which are prerequisite for stable industrial growth in the country.

The documents were signed in Moscow on November 14, 2008 in Moscow in RZhD’s headquarters.  Mr. V.I.Yakunin, President of RZhD and Mr.S.N.Pushkin, President of TransCreditBank, signed the documents on behalf of the Company and the Bank, respectively.  The other signatories represented VTB, Sberbank of Russia, Gazprombank, Bank of Moscow, International Industrial Bank and Uralsib Bank.

The package of initiatives will be submitted for review to the Council for Development of Russia’s Financial Market under the President and to the Bank of Russia.