KYIV, Nov 6 – The Black Sea Trade and Development Bank (BSTDB) and the Export-Import Bank of China (China Eximbank) have signed a Memorandum of Understanding to promote the economic development of the Black Sea region countries by financing energy and infrastructure projects, green investments, trade and cooperation in other areas.

"This Memorandum underlines our commitment to promoting BSTDB cooperation and developing synergies with international investors interested in the Black Sea region," the press service of the BSTDB quoted Vice President of the Bank Hasan Demirhan as saying at the signing ceremony of the Memorandum of Understanding this week.