VEB and Government of Krasnoyarsk Territory Join Efforts to Develop the Forestry Industry in the Region

VEB signed a cooperation agreement with the Government of the Krasnoyarsk Territory aimed, among other things, at joint development of the forestry industry. The document was signed by the governor of the Krasnoyarsk Territory Viktor Tolokonsky and VEB’s Chairman Sergey Gorkov.

The agreement envisages close interaction between the region and the Bank in the social and economic development of the region, encouragement of investment in promising projects, closer cooperation in the development of the forestry industry of the Krasnoyarsk Territory.

With the support of VEB, the region is implementing in total 6 projects in the wood processing industry, the smelting industry and energy infrastructure with a total value of more than 250 billion rubles (VEB’s investments being 160 billion rubles). Implementation of the projects involves the creation of almost 4.5 thousand new jobs.

“We are grateful to VEB for the initiation of a major project in Boguchansky district and intend to make a new step in the development of this project for the added-value wood processing,” Viktor Tolokonsky noted.

“The Krasnoyarsk Territory boasts a huge resource base. We are ready to consider projects in all strategic industries meaningful for the Government. Now our attention is focused on the establishment of a single integrated infrastructure for logging and value-added wood processing. Great challenges in this respect are faced by our company JSC Kraslesinvest,” - Sergey Gorkov noted.

VEB’s Strategy 2021 envisages priority financing of projects in the infrastructure, high technologies, export support, conversion of defence industry companies to civilian production and the downstream industry.

Press Office