On December 4, the Russian Ministry for the Development of the Far East and the Arctic and VTB Bank signed a cooperation agreement. The document was signed by Deputy Minister Vitaly Altabaev and Deputy President and Deputy Chairman of the Management Board of VTB Bank Valery Lukyanenko.
The agreement is aimed at expanding cooperation between the ministry and the bank in the development of transport and port infrastructure of the Northern Sea Route, financing projects in priority sectors, elaborating new development tools, government support measures and public-private partnerships.