OREANDA-NEWS. Vnesheconombank, the Belarus Development Bank and the Kazakhstan Development Bank initialed a Memorandum on Cooperation in Investment and Trade-Economic Sectors as part of the Eurasian Economic Union.

Heads of financing development institutions of Russia, Belarus and Kazakhstan - Vladimir Dmitriev, Sergei Rumas and Bolat Zhamishev discussed top priority lines of long-term cooperation and identified mechanisms for interbank interaction.

The sides intend to build a base for joint projects of high technology and export-oriented production facilities with integration potential, develop programs of funding export of products by joint production facilities to third countries' markets and share information on potential customers and projects.

Creating additional mechanisms for interacting between development banks of Russia, Belarus and Kazakhstan will be instrumental in forming a single market for products, services and capitals, enhancing investment process as well as ensuring full-scale cooperation between national financing development institutions.