Vnesheconombank Holds Round-Table Discussion on Providing Support for Small and Medium-Sized Enterprises

18 october 2011 года
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A round-table discussion on Russian-Ukrainian cooperation in providing support for small and medium-sized enterprises (SMEs) was held in the city of Donetsk in the course of the 2nd Russian-Ukrainian Interregional Economic Forum with the participation of Russian and Ukrainian heads of state.

The round-table discussion was organized by Vnesheconombank together with the Ukrainian Union of Industrialists and Entrepreneurs (UUIE) and the Donetsk Chamber of Commerce and Industry.

Board Member-Vnesheconombank Deputy Chairman Mikhail Kopeikin and Board Chairman of the Donetsk UUIE Regional Department Oleg Rogoza acted as moderators of the round-table discussion.

In attendance of the round-table discussion were representatives of the banking community including Vnesheconombank’s subsidiary banks, Ukraine’s and Russia’s non-government organizations as well as heads of Ukraine’s executive government authorities.

The round-table discussion’s participants discussed Russian-Ukrainian cooperation in providing support for SMEs among other things at a regional level as well as mechanisms for supporting innovative SMEs.

As a result of the round-table discussion a decision was made on the need to undertake joint efforts to introduce positive experience in providing the state’s support for SMEs including sharing information, providing consulting support as well as establishing cooperation at the level of banks, UUIE and RUIE, regional chambers of commerce and industry, sectoral non-government organizations of Ukraine and Russia.

 

Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-43-96, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

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Vnesheconombank concluded loan agreements with Crédit Agricole Corporate and Investment Bank

14 october 2011 года
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State corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” and Crédit Agricole Corporate and Investment Bank (CACIB), France entered into a Framework Multipurpose Loan Agreement. In line with the Agreement the Banks also concluded 3 Individual Loan Agreements on extending to Vnesheconombank a loan totaling Euro 27.78 million with maximum tenor of 7 years covered by the French Export Insurance Agency (COFACE).

For and on behalf of Vnesheconombank, the documents were signed by Pyotr Fradkov, Member of the Board – Deputy Chairman, for and on behalf of Crédit Agricole Corporate and Investment Bank – by Tassadit Hanaizi, Executive Director, Export and Trade Finance for European and CIS Countries.

Foreign credit funds will be earmarked to partially finance and refinance the costs under the project related to the Russian Civil Aircraft Industry.

Crédit Agricole CIB is the Corporate and Investment Banking arm of the Crédit Agricole group, the world’s sixth-largest bank in total assets and Europe’s sixth-largest bank by Tier one ratio (The Banker, July 2011). In more than 50 countries, Crédit Agricole CIB offers its clients a comprehensive range of products and services in capital markets, brokerage, investment banking, structured finance, corporate banking and international private banking.

 

Press Office of Vnesheconombank
Contact Person: Ekaterina Karasina
Phone: +7 (495) 608-46- 93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru 

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Vnesheconombank to Fund the Construction of Sliced Veneer Production Facility in the Khabarovsk Region

14 october 2011 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and BTMU (Europe) Limited, London signed a framework credit agreement on providing Vnesheconombank with credit resources against export insurance agencies’ coverage.

Within this agreement an individual credit agreement was signed. Under the agreement BTMU is to provide Vnesheconombank with credit resources to fund the contract with Austria’s company Polytechnik Luft-Und Feuerungstechnik GmbH against the coverage of the Austrian state agency Osterreichische Kontrollbank AG (OeKB) for a period of 10 years.

The credit resources are intended for funding the first stage of the project to create a Far Eastern Timber Deep Processing Center. The project provides for the construction of a sliced veneer production facility with an annual capacity of 300 thousand cubic meters in the city of Amursk (the Khabarovsk Territory).

The total value of this project is 150.2 million U.S. dollars. In December of 2010, Vnesheconombank signed an agreement on providing credit resources worth 97.3 million U.S. dollars to OJSC Dallesprom (it is incorporated in EVRAZ Group S.A.). The concept of creating a Far Eastern Timber Deep Processing Center provides for building complementary timber processing integrated production facilities that ensure the non-waste use of timber logged by OJSC Dallesprom.

The Bank of Tokyo-Mitsubishi UFJ, Ltd (hereinafter referred to as BTMU) is Japan’s leading bank established through merging Bank of Tokyo-Mitsubishi and UFJ Bank. By assets amount, BTMU ranks first in Japan and is among the ten largest banks in the world. International rating agencies assigned “A”ratings to the bank. BTMU’s branch network has more than 800 subdivisions including a representative office and a subsidiary bank in Moscow as well as a subsidiary company –BTMU (Europe) Limited in Great Britain.

 

Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-43-96, Fax; +7 (499) 975-21-34
E-mail; press@veb.ru

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Vnesheconombank and the China Development Bank to Explore the Possibility of Funding the Construction of the Taishet Aluminum Smelter

11 october 2011 года
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In the course of the 16th meeting of the heads of government of the Russian Federation and the Peoples Republic of China in the city of Beijing (China), State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the China Development Bank (CDB) entered into a Framework Agreement on Cooperation.

On behalf of Vnesheconombank the Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and on behalf of CDB – by Executive Vice President Mr. Gao Jian.

Under the Agreement the parties are to explore the possibility of providing credit resources to fund the project aimed at constructing the Taishet Aluminum Smelter in the Irkutsk region with a production capacity of 750 thousand tonnes per year. The project’s initiator is LLC RUSAL Taishet which is a member of OJSC RUSAL Group of Companies. The amount of investments to fund the project is 1.43 billion U.S. dollars. A new high technology production facility will become one of the largest smelters in Siberia. More than 3 thousand jobs are to be created at the production facility.

This project’s implementation would help to advance the aluminum sector in Russia.

 

Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

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A World Premiere of the Raimonda Ballet’s Original Production was Held with Vnesheconombank’s Assistance

11 october 2011 года
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A world premiere of Alexander Glazunov’s ballet Raimonda was held at the La Scala Theatre in Milan.

The historical ballet was produced in a strict accordance with Marius Petipa’s original production in the Mariinsky Theatre (Saint-Petersburg) in 1898. The recreation of the imperial ballet of the epoch of Nicholas the Second has been the largest project in Italy in the past decade. Besides La Scala’s ballet company, students of La Scala Theatre Ballet School and hired extra dancers were involved in the ballet. An entire Russian team of professionals also participated in implementing the project.

The ballet recreated with the assistance of the Russian-Italian Forum-Dialogue within the Framework of Civil Societies and Vnesheconombank became a significant event as part of the Russian Culture and the Russian Language Year in Italy and the Italian Culture and the Italian Language Year in Russia and generated great interest among the artistic community.

Board Member–Vnesheconombank First Deputy Chairman Nikolai Kosov attended the ballet premiere on behalf of Vnesheconombank and the Russian side of the Forum–Dialogue.

 

Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

 

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