OREANDA-NEWS. June 08, 2009. In the course of the 13th Petersburg International Economic Forum, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Golden Ring Resort (LLC) and the Government of the Yaroslavl region signed a Memorandum on Cooperation in Implementing the Project aimed at building a recreational tourist complex “The Golden Ring”.

On behalf of Vnesheconombank the Memorandum was signed by Vnesheconombank Chairman Vladimir Dmitriev, on behalf of the Golden Ring Resort (LLC) – by its General Director Petr Shura, on behalf of the Yaroslavl region Administration – by Governor Sergei Vakhrukov.

Under the Memorandum the parties agreed to cooperate in implementing the Project aimed at building a recreational and tourist complex “The Golden Ring”.

The implementation of this Memorandum would help remove economic growth infrastructure restrictions and develop the tourist infrastructure within the historic macro region of the Golden Ring.

Under the Bank’s Memorandum on its financial policies one of Vnesheconombank’s main lines of activity is to implement investment projects aimed at removing economic growth infrastructure restrictions including the development of tourism infrastructure.