On Wednesday, May 25 a memorandum of understanding and cooperation was signed in Sberbank headquarters between Sberbank and the State Company Russian Highways. It calls for interaction and cooperation in financing projects implemented by the state company in the framework of its long-term program of activities, including concession projects, as well as Sberbank assistance in the design of other schemes to implement investment projects on the basis of public-private partnership.
Sberbank Russia Deputy Board Chairman A.M. Donskikh and First Deputy CEO of the state company for investment and financial issues S.V. Kelbakh participated in the signing ceremony. The parties said the framework document stipulated the main cooperation guidelines between the bank and the state company related to common interests in financing: