OREANDA-NEWS. July 22, 2009. State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the All-Russian Nongovernment Organization “The Russian Union of Industrialists and Entrepreneurs” signed a Protocol of Cooperation.

On behalf of Vnesheconombank the Protocol was signed by Vnesheconombank Chairman Vladimir Dmitriev and on behalf of the Russian Union of Industrialists and Entrepreneurs – by Alexandr Shokhin.

This Protocol aims to establish strategic partnership and promote long-term effective and mutually beneficial cooperation in implementing investment projects aimed at overcoming economic growth infrastructure restrictions and encouraging innovations to make the Russian economy more competitive.

Under the Protocol the parties intend to agree upon their positions on expanding public private partnership (PPP) in the Russian Federation, carry out monitoring of investment projects in order to engage Russian and foreign investors in implementing them as well as work out schemes for financing investment projects on PPP principles.

The parties have agreed to sign an appropriate agreement specifying the main lines of cooperation and cooperation management.