Vneshtorgbank and RussNeft to Have Signed a Cooperation Agreement.

The document stipulates the main trends of cooperation between Vneshtorgbank and Russneft. Thus the agreement specifies cooperation in a number of business spheres including packaged bank service for the Company; formation of short-term credits, backing current activities of the Company; financial provision of Russneft import operations, related to purchase of equipment, development and improvement of the Company’s external and internal settlements system.
In the framework of the signed agreement Vneshtorgbank shall take part  in accomplishing current and stratigical goals of Russneft, improve bank service of the Company’s operation, use the latest financial management technologies aimed at increasing efficiency of the Joint-Stock Company’s operation, furnish advice and information on banking and financing, as is reported in the joint press-release of the companies.