OREANDA-NEWS. As part of events of the second meeting of Group of Twenty (G20) Financing Development Institutions Heads, State Corporation 'Bank for Development and Foreign Economic Affairs (Vnesheconombank)' and Mediobanca entered into a framework credit agreement.

On behalf of Vnesheconombank the agreement was signed by Deputy Chairman Member of the Board Alexandr Ivanov and on behalf of Mediobanca - by Head of Debt Capital Markets Maria TerezaIardella and Managing Director, International ActivitiesItalo Pellegrino.

This agreement was signed in elaboration of the Memorandum of Understanding signed as part of Russian-Italian interstate summit consultations in the city of Trieste in November of 2013.

The Memorandum provides for extending credit facilities in the amount of up to 250 million euros to Vnesheconombank against insurance coverage of Italian Export Insurance Agency SACE and other European export insurance agencies.