OREANDA-NEWS. December 06, 2012. Sberbank of Russia and Investment Support and Promotion Agency of Turkey (ISPAT) have today signed a Memorandum of Understanding. Herman Gref, CEO and Chairman of the Board of Sberbank, signed on behalf of Sberbank of Russia, and Ilker Ayc?, President of the Agency, signed the Memorandum on behalf of the Agency, reported the press-centre of Sberbank.

Under the Memorandum the parties have agreed to strengthen relations through cooperation in investment, to facilitate the identification and implementation of investment projects in Russia and Turkey and to promote the investment climate of the two countries. In addition, the Memorandum provides for assistance through exchange of information and recommendations during the promotion and implementation of investment projects and transactions.

The signing took place during the working visit of President of Russian Federation Vladimir Putin to Turkey.

Herman Gref commented: “Investment cooperation between Russia and Turkey is actively developing. The signing of the Memorandum with the Turkish agency that has extensive experience of promotion investment projects will strengthen the position of Sberbank group in Turkey”.