Sberbank and Huawei, one of China’s largest telecommunications companies have entered into a memorandum on strategic cooperation.

Among other things, the agreement envisages exchanging competencies and experience in the area of transforming and developing Sberbank’s IT infrastructure, training managers and employees, and developing the Corporate University.

Sberbank and MaximaTelecom, the operator of Russia’s largest public transport Wi-Fi network, entered into a bilateral strategic partnership agreement.

At the second stage of the transaction, the old issues will be exchanged for new bonds worth four billion dollars.

According to Kudrin, oil producers demonstrated high discipline and fulfilled their obligations.