NIB and Vneshekonombank to support PPPs in Russia

In February, NIB and the Russian state-owned Vneshekeonombank signed a cooperation agreement. Vneshekonombank is expected to be the centrepiece of a new development financing institution to be established in Russia. NIB and Vneshekonombank will cooperate in supporting joint projects, including those under the Public-Private Partnership (PPP) model. The agreement between the two banks envisages long-term partnership in assessment and financial structuring of large investment projects. The banks will provide assistance to PPP projects in choosing optimal financing schemes, including project financing.