OREANDA-NEWS. In the course of the International Naval Salon in the city of Saint Petersburg, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and OJSC Sredne-Nevsky Shipyard entered into an agreement on strategic cooperation.

On behalf of Vnesheconombank the agreement was signed by Chairman Vladimir Dmitriev and on behalf of OJSC Sredne-Nevsky Shipyard – by Director General Vladimir Seredokho.

The parties agreed on strategic partnership and on promoting long-term and effective cooperation in funding investment projects.

The agreement provides for the parties’ cooperation in providing mid-term and long-term funding as part of implementing investment projects.

Cooperation between OJSC Sredne-Nevsky Shipyard and Vnesheconombank would enhance the development of Russia’s navy as a whole and increase the share of products exported to foreign markets.