Chairman of the Board of Gazprombank Andrey Akimov and CEO ROSNANO Anatoly Chubais signed a memorandum of cooperation, which defines the main directions of cooperation of the state corporation and the bank.

According to the memorandum, Gazprombank and RUSNANO regard each other as strategic partners and will coordinate efforts to develop an innovation infrastructure in the area of nanotechnology and projects a future of nanotechnology and the nanotechnology industry, said in a joint statement, the bank and the state corporation.

In particular, Gazprombank has expressed readiness to organize a long-term (up to 10 years) financing corporation under the state guarantees for Russia, as well as set the RUSNANO limit the credit risk of up to 20 billion rubles. In addition, Gazprombank consider providing companies implementing projects in the field of nanotechnology, debt financing in the total volume to 10 billion rubles for up to 7 years, as well as finance the purchase of foreign equipment by using the export credit guarantee agencies in the total volume to 5 billion rubles bail corporations. Also, the bank will consider the problems of establishing a possible investment in the authorized capital of project companies with a total of up to 5 billion rubles.

In turn, RUSNANO declares intent to use on a competitive basis, the bank"s services for financial consulting for the implementation of complex structured transactions, syndicated financing, issuance of infrastructure bonds, funding of projects using other debt instruments.

specific cooperation projects will be regulated within the established working group comprising representatives of both parties.
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