Financing Projects in Eurasia

Rusatom International Network (RIN) and the Eurasian Development Bank (EDB) signed a memorandum of cooperation. The parties plan to finance projects in Eastern Europe, Transcaucasia and Central Asia.

The document was signed by Alexander Merten, President of RIN, and Vsevolod Smakov, Head of EDB Project Department.

The memorandum provides for the cooperation in Rosatom’s projects related to renewable power sources, heat generation, nuclear medicine, use of irradiation technology in industry, agriculture and food treatment, construction of nuclear and other facilities, and nuclear services.

“The Bank is ready to support Rosatom in implementing its hi-tech energy and industrial projects in Armenia, Belarus and Central Asia. We pin much hope on our joint projects,” Vsevolod Smakov said.

Alexander Merten noted in his turn that the memorandum “laid a foundation for future progress in the projects involving Rosatom Group companies as machinery suppliers or service providers to local private and public companies”.

For reference:

Rusatom International Network is a Rosatom Group company managing and developing a network of Rosatom’s regional offices around the globe. Its primary goal is to promote Russian nuclear products and services on the global market, foster communications, and assist Russian nuclear companies in obtaining finance.

The Eurasian Development Bank is an international finance institution established by Russia and Kazakhstan in January 2006 to promote economic growth in its member states, extend trade and economic ties among them. The EDB member states are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan.