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VTB issued bank guarantees for the amount of 1,2 billion rubles in the framework of state contracts of the Ministry of Defense in the Far East
VTB Bank provided OJSC Khabarovsk Radio Engineering Plant with bank guarantees totaling 1,2 billion rubles for a period of 1,5 years. The guarantees were issued as part of the execution of state contracts of the Ministry of Defense of the Russian Federation in 2014-2016, the bank's press service reported.
“Cooperation with enterprises working on the country's defense order is an important area of the bank's activities,” noted Evgeny Orlov, VTB branch manager in Khabarovsk. "VTB also issues guarantees for submission to tax and customs authorities, for participation in tenders, auctions, guarantees for the fulfillment of obligations under domestic and foreign trade contracts."