Friday, August 18, 2017

URBD partners with Russia’s strategic enterprises

The Ural Bank for Reconstruction and Development (UBRD) joined the ranks of financial institutions authorized to partner with Russia’s strategic enterprises on Oct. 24.

UBRD was approved by the government to be involved in Russia’s strategic enterprises because it has the required amount of capital.

Russia’s strategic enterprises handle the security of the Russian Federation, including matters involved in both military and industrial aspects of the country’s security.

Banks partnered with Russia’s strategic enterprises work with more than 100 strategic organizations, including those involved in industries such as transport, energy, oil, gas, coal, media, metals, mining, aeronautics, shipbuilding, agricultural machinery, automotives, pharmaceuticals, rocket and space innovations, and chemical and petrochemical.