On Decisions Made by Vnesheconombank’s Supervisory Board

15 сентября 2008 года
#Новости
Назад

A meeting of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ Supervisory Board chaired by Russian Prime Minister Vladimir Putin was held at the Russian Federation Government House today, on September 15.

V.V.Putin’s address at the meeting…

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

  • The Sevmash Production Association’s production program;
  • OJSC Corporation VSMPO-AVISMA investment development program. The Corporation’s investment program is aimed at reconstructing and modernizing the facility and provides for increased production of deeply processed products. The implementation of this investment program will result in increased production of titanium sponge, it will increase by 20% (up to 44 thousand tons per year), and rolled titanium – by 46% (up to 46 thousand tons per year). The program’s total value is 26 billion rubles, the Bank’s participation share in the project will amount to 400 million US dollars. Funds are to be made available for a period of 5 years;
  • Construction and operation of the alpine ski resort “Rosa Khutor” in Krasnaya Polyana. The Rosa Khutor project provides for creating a unique year-round sports and tourist complex. Under the project a number of Olympic sports facilities are planned to be built, they include an alpine ski center, a snowboard park, alpine ski routes to hold competitions in all 10 alpine ski events as well as hotel infrastructural assets. The project’s total value is 1,375 million US dollars. Vnesheconombank plans to earmark funds worth up to 750 million US dollars for a period of 15 years for this project’s implementation;
  • Construction of a new integrated complex to manufacture ammonia, methanol and granulated carbamide in the city of Mendeleevsk, the Republic of Tatarstan implemented by OJSC “Ammonii”. The project provides for building an integrated facility to manufacture ammonia and methanol with a capacity of 2,050 tons of ammonia per day and 668 tons of methanol per day at the mineral fertilizers manufacturing factory Mendeleevskazot LLC. The total value of the project is more than1billion US dollars US dollars. Vnesheconombank’s participation share will amount up to 870 million US dollars;
  • Construction of a factory in the Ulyanovsk region to manufacture and assemble super- light jets Eclipse 500 as well as provide after-sales services. The factory’s projected capacity will amount to 800 jets per year. Vnesheconombank is expected to finance the project in full the total value of which is 205 million US dollars, moreover Vnesheconombank and the Ulyanovsk region Administration will be among the shareholders of the enterprise.
  • The Supervisory Board has also made a decision to establish a targeted financing limit for the Kazakhstan Development Bank to open a credit line worth up to 300 million US dollars with a repayment period of 15 years. The credit line is of targeted nature – funds will be made available to support the export of Russian companies’ industrial products and services to the Republic of Kazakhstan. Decisions on conducting each specific transaction are to be made by Vnesheconombank’s governing bodies including decisions on all substantial terms of these transactions.

A number of other issues have been also considered.

 

Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 608-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru

Назад

Vnesheconombank’s Supervisory Board Meeting

9 июня 2008 года
#Новости
Назад

The Supervisory Board of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ held its regular meeting chaired by Russian Prime Minister Vladimir Putin.

The Supervisory Board approved Vnesheconombank’s annual report.

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

  • lending the project to build a section of high-speed motorway “Moscow – Saint Petersburg”;
  • lending the project to build a railway carriage production facility in the city of Tikhvin of the Leningrad region.

The Supervisory Board also resolved to open Vnesheconombank’s representative offices on the territory of the Far Eastern, Southern and Siberian Federal Districts.

 

 

Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 608-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru

Назад

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

28 мая 2008 года
#Новости
Назад

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

Назад

Vnesheconombank’s Supervisory Board Meeting

25 апреля 2008 года
#Новости
Назад

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.

 

 

Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 608-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru

Назад

Vnesheconombank Supervisory Board Approves Development Strategy for 2008-2012

3 апреля 2008 года
#Новости
Назад

Moscow. April 3. INTERFAX – The Supervisory Board of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ (VEB) approved a development strategy for 2008-2012 in accordance with which the Bank is to increase its loan portfolio to 850 billion rubles by the end of 2012.

The decision was made at a meeting of VEB’s Supervisory Board on Thursday. The meeting was conducted by Russian Prime Minister Victor Zubkov.

The press service of the Russian Government said that the meeting made a decision to approve a strategy submitted by VEB and finalize to work out specific mechanisms for its implementation taking into account the recommendations made.

Under the strategy, Vnesheconombank is to increase its loan portfolio to 850 billion rubles by the end of 2012. By the same period the share of projects within a public private partnership scheme would amount to 30% and the Bank‘s size of loan portfolio for supporting small and medium-sized business would amount to 42 billion rubles.

“We’ll do our utmost to make these substantial funds be used as effectively as possible and become an efficient instrument for diversifying our domestic economy and moving it to an innovation path of development,” said Vnesheconombank Chairman Vladimir Dmitriev at the end of the meeting.

Назад

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