Unified Shipbuilding Corporation signs agreement with sanctioned bank Rossiya

Business & Economy March 21, 2014, 23:01

MOSCOW, March 21. /ITAR-TASS/. The Unified Shipbuilding Corporation on Friday concluded a salary project agreement with bank Rossiya, the Corporation’s press service told Itar-Tass.

“The corporation has already opened a settlement account in bank Rossiya, one of the biggest system-forming credit and financial institutions in the country,” the press service quoted Alexander Neigebauer, the vice-president of the Unified Shipbuilding Corporation for economy and finance, as saying.

Neigebauer said the corporation had studied several preconditions ensuring the terms of cooperation with the bank prior to deciding in favour of the salary project. He added that the top managers of the Unified Shipbuilding Corporation would have their salaries transferred to bank Rossiya as part of the new salary deal.

Bank Rossiya has been subject to U.S. sanctions imposed over Russia’s actions in Crimea.

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