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VNESHECONOMBANK and JSC "KRONSTADT" intend to unite efforts for creation of innovative technologies.

In the framework of the International aviation and space salon (MAKS-2015) Vnesheconombank and JSC "Kronstadt" has signed a cooperation agreement.
From the side of Vnesheconombank the document was signed by First Deputy Chairman – member of the Board Andrei Sapelin, from JSC "Kronstadt" - the General Director of the unmanned direction - Nikolay Dolzhenkov.
The parties agreed on cooperation in implementing research and development in the interests of national defense and security of the country, associated with a high degree of risk of achieving qualitatively new results in technical, technological and socio-economic spheres.
The expected practical outcome of the cooperation should be development work to create innovative solutions that will underpin the development and production of high-tech products in the field of unmanned systems.
According to the Memorandum on financial policies of VNESHECONOMBANK shall participate in implementing investment projects aimed at developing innovations. Aircraft building and rocket and space complex are one of the main sectoral priorities of investment activity of the Bank.
State Corporation "Bank for development and foreign economic Affairs (Vnesheconombank)" is acting in order to ensure competitiveness of the Russian economy, its diversification and encouragement of investment. The Bank finances major investment projects aimed at removing infrastructure restrictions on economic growth. VEB does not compete with commercial credit institutions and participates only in those projects that cannot get funding from private investors.