Agent for the Government
Vnesheconombank performs the functions of the agent for the Government of the Russian Federation in accordance with the Federal Laws on the Federal Budget for the Relevant Financial Year and Planning Period, and Agreement dd. December 25, 2009 No.01-01-06/04-472 between the Russian Ministry of Finance and Vnesheconombank to perform the functions of the agent for the Government of the Russian Federation.
Currently, Vnesheconombank acts as the agent for the Government of the Russian Federation to:
- account, use, manage and repay the government loans granted by the former USSR and the Russian Federation to foreign borrowers;
- account, manage and repay the external sovereign debt of the former USSR and the Russian Federation (including the internal foreign currency debt of the former USSR);
- secure the repayment of debt by legal entities, constituent entities of the Russian Federation and municipalities under their obligations to the Russian Federation;
- issue and perform sovereign guarantees of the Russian Federation.
Vnesheconombank’s highly qualified professionals have unique expertise in agency functions and seek to continuously improve the efficiency of Vnesheconombank as the agent for the Russian Government.