News

Jun 06, 2019

Russian Railways and Intesa Sanpaolo Group sign Memorandum of Understanding

Oleg Belozerov, the Chief Executive Officer and Chairman of the Board of Russian Railways, and Antonio Fallico, the Head of the Representative Office of Intesa Sanpaolo S.p.A. in Russia and the Chairman of the Board of Directors of Bank Intesa, signed a memorandum of understanding today at the St. Petersburg International Economic Forum.

The memorandum defines the general principles of further joint work between the two companies and provides for the bank’s participation in the Company’s long-term projects which are planned in the Long-Term Development Programme of Russian Railways until 2025.

Projects of mutual interest will be implemented through the conclusion of separate contracts and agreements between Russian Railways and the Intesa Sanpaolo Group.