The agreements were signed during Russian Prime Minister Mikhail Fradkov's two-day visit to China, which also began Thursday.
Vneshtorgbank signed a $200 million loan facility agreement with the Bank of China to finance the import of Chinese durable goods into Russia against the guarantees of China's Sinosure export insurance agency.
Vneshtorgbank also signed a memorandum of understanding with China UnionPay (CUP) to accept its cards through VTB's ATMs and sale outlets in Russia and CUP members in China.
"The memorandum will contribute to bilateral trade and economic contacts and create favorable conditions for CUP bank card operations," the VTB said.
The Bank of China is a state-owned banking institution. It ranked second among Chinese banks and 31st in the world in terms of asset value on January 1, 2005.
CUP is China's sole processor of bankcards issued by the country's financial institutions.
