Changes in State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ Supervisory Board Membership

Order of May 26, 2008 # 747-r

1. The Order terminates the membership of S.E. Naryshkin and V.N. Putilin in the Supervisory Board of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’

2. The Order appoints the following persons as members of Vnesheconombank’s Supervisory Board:

V.A. Zubkov – First Deputy Chairman of the Russian Government

S.B. Ivanov – Deputy Chairman of the Russian Government

3. The Order specifies new posts of the following members of Vnesheconombank’s Supervisory Board:

A.L. Kudrin – Deputy Chairman of the Russian Government, Russian Finance Minister

E.S Nabiullina – Russian Economic Development Minister

V.B. Khristenko – Russian Minister of Industry and Trade

Chairman of the
Russian Government
V. Putin

Origin: the Russian Government’s Internet Portal

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Vnesheconombank’s Supervisory Board Meeting

Today on April 25, the Supervisory Board of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ held its regular meeting chaired by Russian Prime Minister Victor Zubkov in Vnesheconombank.

Vnesheconombank Chairman Vladimir Dmitriev informed those present at the meeting about Vnesheconombank’s development strategy for a period of 2008-2012.

The meeting approved the Bank’s participation in the following major investment projects:

lending of OJSC “Russian Railways” to implement the project aimed at developing the infrastructure of the transport route “Kuzbass – the Far Eastern Transport Hub”;
the project to build a production facility for manufacturing low-speed turbines and generators using innovative technologies for nuclear power stations;
financing of the program to develop water supply and water drainage systems for populated areas in the Krasnodar territory.

The projects discussed at the meeting are in line with principles and industrial priorities of Vnesheconombank’s investment activity specified in the Memorandum on the Bank’s Financial Policy.