EDB and Tekhnopromexport signed memo of coop

The sides agreed on cooperation during the realization of the energy projects in the Eurasian Economic Community, including developing them jointly and realizing the projects with the use of financial instruments and innovative technologies.

Detailed terms of cooperation for each side within the Memorandum will be discussed separately on every project which is to be then reflected in corresponding agreements signed by the sides.

The Eurasian Development Bank (EDB) is an international financial organization founded by Russia and Kazakhstan in 2006 in order to provide assistance to development of market economy of member states, stable economic growth and development of mutually beneficial trade economic relations. The member states of the Bank are Russia, Kazakhstan, Armenia, Tajikistan and Belarus.