Russian VEB Bank To Fund Light Multi Purpose Helicopter Development

  • Our Bureau
  • 01:08 PM, June 3, 2017
  • 2472
Russian VEB Bank To Fund Light Multi Purpose Helicopter Development
Russian VEB Bank To Fund Light Multi Purpose Helicopter Development

Russia’s bank Vnesheconombank (VEB) will fund a project of Russian Helicopters Holding on designing a light multipurpose helicopter.

A relevant agreement was signed on the sidelines of the St. Petersburg International Economic Forum by Dmitry Kurdyukov, Vnesheconombank's First Deputy Chairman, and Vyacheslav Kozlov, Deputy CEO of the Holding, the company announced Thursday.

VEB is ready to develop individual financial solutions, technologies and terms of service for the Holding and its organizations by tender considering the nature of implementation of certain projects.

Apart from participation in the design of the light multipurpose helicopter, VEB will finance other areas of the Holding's business. 

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