JBIC sets up joint Japanese Project Promotion Vehicle in Russian Far Eastern region

The Japan Bank for International Cooperation (JBIC) has signed a final agreement on the formation of a joint venture company to promote Japanese investment in the Advanced Special Economic Zones Free Ports in the Russian Far East. This joint venture company - the Japanese Project Promotion Vehicle in the Far East Limited Liability Company - will be co-founded by JBIC, the Far East Investment and Export Agency, and JSC The Far East and Baikal Region Development Fund.