Vnesheconombank and OJSC Sredne-Nevsky Shipyard Agree on Strategic Cooperation

3 july 2013 года
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In the course of the International Naval Salon in the city of Saint Petersburg, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and OJSC Sredne-Nevsky Shipyard entered into an agreement on strategic cooperation.

On behalf of Vnesheconombank the agreement was signed by Chairman Vladimir Dmitriev and on behalf of OJSC Sredne-Nevsky Shipyard – by Director General Vladimir Seredokho.

The parties agreed on strategic partnership and on promoting long-term and effective cooperation in funding investment projects.

The agreement provides for the parties’ cooperation in providing mid-term and long-term funding as part of implementing investment projects.

Cooperation between OJSC Sredne-Nevsky Shipyard and Vnesheconombank would enhance the development of Russia’s navy as a whole and increase the share of products exported to foreign markets.

 

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

 

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Information Message on the Results of Investing Funds of the Reserve Fund and the National Wealth Fund

1 july 2013 года
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Russia’s Finance Ministry hereby informs about the results of investing funds of the Reserve Fund and the National Wealth Fund from January 1 to June 30, 2013.

The Reserve Fund

 As of July 1, 2013, the aggregate amount of the Reserve Fund was 2 770.92 billion rubles, which is equivalent to 84.71 billion US dollars. The amounts of balances in separate accounts to record funds of the Reserve Fund were:

  • 38.08 billion US dollars
  • 29.40 billion euros;
  • 5.40 billion pounds sterlings.

The aggregate calculated income from placing funds of the Reserve Fund in foreign currency accounts of the Bank of Russia recalculated in dollars for a period from January 15 to June 30, 2013 was a negative value of (-)0.01 billion US dollars, which is equivalent to (-)0.22 billion rubles. The exchange rate difference from recalculating balances of funds in the said accounts for a period from January 1 to June 30, 2013 was 171.77 billion rubles.

The National Wealth Fund

As of July 1, 2013, the aggregate amount of the National Wealth Fund was 2 828.23 billion rubles which is equivalent to 86.47 billion US dollars including:

1)   In separate accounts to record funds of the National Wealth Fund with the Bank of Russia:

  • 27.58 billion US dollars;
  • 24.09 billion euros;
  • 4.38 billion pounds sterlings;

2)   474.02 billion rubles and 6.25 billion US dollars were deposited with Vnesheconombank.

Incomes from placing the Fund’s financial resources on Vnesheconombank’s deposits in the amount of 1.56 billion rubles were transferred to the federal budget in June of 2013. The aggregate income from placing the Fund’s financial resources  from January to June of 2013 was 15.17 billion rubles which is equivalent to 0.49 billion US dollars.

The aggregate calculated income from placing funds of the National Wealth Fund in foreign currency accounts of the Bank of Russia recalculated in dollars for a period from January 15 to June 30, 2013, was a negative value of (-)0.01 billion US dollars, which is equivalent to (-)0.30 billion rubles. The exchange rate difference from recalculating balances of funds in the said accounts from January 1 to June 30, 2013 was a positive value of 128.70 billion rubles. The exchange rate difference from recalculating funds placed on Vnesheconombank’s deposits in US dollars was 14.61 billion rubles.

Indicators of the aggregate amount of the Reserve Fund and the National Wealth Fund as well as of calculated incomes from placing funds of the Reserve Fund and the National Wealth Fund were calculated on the basis of official exchange rates of foreign currencies set by the Bank of Russia as of the date prior to the reporting date and of cross rates calculated on the basis of the said exchange rates.

Detailed statistics on transactions with funds of the Reserve Fund and the National Wealth Fund is posted on the Internet site of the Russian Finance Ministry in the following sections: “The Reserve Fund” and “The National Wealth Fund” in appropriate subsections in Russian and English, the statistics is updated on a regular basis.

 

Origin: Press Service of Russia’s Finance Ministry

 

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