Russia’s Vnesheconombank (VEB) and the Export-Import Bank of the United States (US Ex-Im) have signed a memorandum of understanding to facilitate US exports to Russia.
The memorandum sees US Ex-Im and VEB working together to finance Russian imports of medical equipment and energy efficiency equipment, amongst other things, from the US.
The agreement was signed by VEB chairman Vladmir Dmitriev and US Ex-Im chairman and president Fred Hochberg.
Hochberg notes: “This memorandum strengthens the long-standing partnership between US Ex-Im and Vnesheconombank and promotes the already high level of trade and economic cooperation between the Russian Federation and the United States. This agreement will support the growth of both our economies, while supporting US jobs.”
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