Moscow, December 4, 2020. The Eurasian Development Bank (EDB), KazakhExport Export Insurance Company JSC and Cool Infinity LLP have signed a memorandum of cooperation in the field of insurance and financing of Cool Infinity activities in the export of railway wagons from the Republic of Kazakhstan. The signing ceremony took place on the sidelines of the First Eurasian Congress. The document was signed by Nikolay Podguzov, Chairman of the EDB Management Board, Ruslan Iskakov, Chairman of the KazakhExport Management Board, and Valentin Kargin, CEO of Cool Infinity. Within the framework of the agreements reached, the EDB intends to consider financing the Cool Infinity project to modernize the production complex for the production of innovative insulated wagons. KazakhExport, for its part, plans to provide financial and insurance solutions to finance the subsequent export of Cool Infinity products. "The signed trilateral memorandum is very indicative. The EDB supports development and integration projects in its countries: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. I am sure that Cool Infinity products will be in demand and will occupy their niche in the markets in the states of the Bank," said Nikolay Podguzov. Reference: Eurasian Development Bank (EDB) — An international financial organization that promotes the integration and development of the participating countries: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. The authorized capital of the EDB is US$ 7 billion. The Bank was established in January 2006 by Russia and Kazakhstan, with headquarters in Almaty. The main share in the EDB portfolio is occupied by projects with an integration effect in the fields of transport infrastructure, energy, chemical and mining industries, mechanical engineering. A source