VTB Bank and GMS Group unite to boost Russia's economic growth at SPIEF 2026

A new partnership between VTB Bank and GMS Group was announced at the St. Petersburg International Economic Forum (SPIEF) 2026. The two companies signed a cooperation agreement aimed at supporting key sectors of Russia’s economy with financing and technological development. The deal was finalised by Dmitry Sredin, senior vice president and head of VTB’s Market Industries Client Department, and Artem Molchanov, CEO of GMS Group. Under the agreement, VTB Bank will provide funding for GMS Group’s projects and broader investment plans.

Sredin highlighted the strategic importance of GMS Group’s work, noting its role in vital areas of the Russian economy. Molchanov added that the collaboration merges GMS Group’s production strengths with VTB’s financial knowledge, reinforcing the country’s technological independence. Beyond financing, the partnership includes joint initiatives to improve financial flow management systems. Both sides aim to streamline operations and enhance efficiency in resource allocation.

The agreement marks a step toward deeper integration between financial and industrial sectors in Russia. VTB Bank’s support will help GMS Group expand its projects while strengthening domestic technological capabilities. The partnership’s outcomes will depend on the successful rollout of the planned financial and operational solutions.