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VTB and St Petersburg Government sign cooperation agreement

 
17 June 2016

© RIAN, Yevgeniya Novozhenina

On 17 June 2016, VTB Bank and the St Petersburg Government signed a cooperation agreement. The document, signed at the St Petersburg International Economic Forum, envisages USD 20 billion worth of investment projects.

President and Chairman of VTB Bank Management Board Andrey Kostin signed the agreement on behalf of the bank, and St Petersburg Governor Georgy Poltavchenko signed on behalf of the city government.

Under the agreement, the parties plan to develop the city’s transport infrastructure and overground public transport, as well as attract additional domestic and foreign investment into the economies of St Petersburg and Russia’s North-Western Region.


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