Volga-Dnepr Group and Vnesheconombank sign agreement for future An-124 and Il-76 aircraft financing

16 August 2005, Moscow - Volga-Dnepr Group and Vnesheconombank, one of Russia’s oldest financial institutions, have concluded an agreement regarding financing arrangements for the resumption of AN-124-100 aircraft production and the IL-76 freighter modernisation programme.

The co-operation agreement was signed in Moscow by Vladimir Dmitriyev, Chairman of Vnesheconombank, and Alexey Isaikin, Presid

ent of Volga-Dnepr Group and provides for long-term co-operation between the two companies. It is planned to involve the bank’s representatives in the financial analysis for Volga-Dnepr Group’s projects. Vnesheconombank also intends to assist in arranging financing of the projects and act as a guarantor on mutually agreed conditions.

Vnesheconombank has extensive international business contacts and a great reputation for being a first-class bank and a reliable partner. As a specialist governmental financial institute, the bank participates in the realisation of a large number of projects in Russia and overseas.