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Innovation Projects (Special Economic Zones)
Obviously, the main lines of Russia’s economic and investment policy are targeted at reducing the share of the raw-material sector in the country’s economy, bolstering high-tech industries, improving the exports structure and increasing the share of Russias high value-added products on global markets.
Special economic zones are established to help implement investment projects, expand and diversify the Russian economy.
In late October 2005, Vnesheconombank and the Federal Agency for Managing Special Economic Zones signed an agreement on strategic partnership and long-term cooperation. Vnesheconombank would participate in raising funds to finance projects and programs in special economic zones, ensure mid-term financing and act as a guarantor under projects. To finance projects, Vnesheconombank would use its own funds and realize to the full the potential of cooperation agreements made with foreign partners.
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