Vnesheconombank and the Center for International Industrial Cooperation UNIDO in the Russian Federation Agree to Cooperate

28 november 2013 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Center for International Industrial Cooperation UNIDO in the Russian Federation signed a Memorandum of Cooperation.

On behalf of Vnesheconombank the Memorandum was signed by Deputy Chairman – Member of the Board Alexandr Ivanov and on behalf of the Center for International Industrial Cooperation UNIDO in the Russian Federation – by Director Sergei Korotkov.

Under the Memorandum Vnesheconombank and the Center for International Industrial Cooperation UNIDO in the Russian Federation intend to identify key lines of their cooperation to assist in enhancing partner relations between Russian enterprises and organizations in the field of technologies and innovations in Africa-BRICS format.

Under the Memorandum the Parties are to render all-round assistance in expanding regional and sectoral cooperation aimed at unlocking industrial potential of Russian companies and at export promotion of Russian-made high-technology products in Africa-BRICS format.

The Parties approved representatives of the relevant functional subdivisions to coordinate cooperation under the Memorandum.

The Center for International Industrial Cooperation UNIDO in the Russian Federation is a representative office of the United Nations Industrial Development Organization. It was established in 1989 on the basis of the Agreement with the United Nations Industrial Development Organization (UNIDO) and is a constituent part of UNIDO system of offices designed to promote investments and technologies.

The Center’s main objective is to assist international cooperation between Russian enterprises, associations, organizations and companies from industrialized and developing countries in economic, technological, industrial and scientific spheres.

 

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

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Information Message

27 november 2013 года
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A report published by the Anticorruption Research Center – Transparency International–R on transparency of purchases, their openness and compliance observance in Russian state corporations is interesting and undoubtedly useful for each state-owned company.

As Vnesheconombank participated in the research done it has the right to comment on the content of this material.

Work on posting subdivisions on Vnesheconombank’s official site and filling them with content is to be performed in accordance with the Russian Anti-Corruption Legislation and within the time limits set by it.

Data on incomes, property and property obligations of the state corporation’s top management are posted on the site and are available in the archive.

By law, Vnesheconombank is to post information on purchase activity on the Official Site of State Purchases and till the site was launched (October 1, 2012) information on purchases had been posted on VEB’s site.

Vnesheconombank holds a unique position among Russian state corporations for the reason that it is a bank and a creditor institution.

Participation of the Bank’s representatives in profit-making organizations’ governing and control bodies is to be approved by Vnesheconombank’s Supervisory Board and is to be carried out either on the Russian Government’s instructions (to represent the state’s interests) or to make arrangements for exercising control over spending monetary funds bankrolled by the Bank for Development to finance investment projects.

Vnesheconombank set up a Code of Official Conduct and Conflict of Interests Settlement Commission which is functioning now (information is posted on the site).

 

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

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Vnesheconombank Enters into a Memorandum of Understanding with Italian Mediobanca

26 november 2013 года
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In the course of Russian President Vladimir Putin’s working visit to Italy Vnesheconombank and Mediobanca signed a Memorandum of Understanding. The Memorandum was signed in the presence of Russian President Vladimir Putin and Italian Prime Minister Enrico Letta as part of Russian-Italian summit interstate consultations underway in the city of Trieste.

On behalf of Vnesheconombank the Memorandum was signed by Chairman Vladimir Dmitriev and on behalf of Mediobanca - by Deputy Director General and Board of Directors Member Massimo Di Carlo and Managing Director Maria Luisa Cicognani.

The Memorandum of Understanding is aimed at expanding cooperation between the two banks in the field of Russian-Italian trade and economic activity including through providing funds by the Italian bank against insurance coverage of export insurance agency SACE as well as on a commercial basis. The parties also agreed to jointly implement public private partnership projects and cooperate in carrying out treasury operations.

 

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

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Vnesheconombank and Italian Export Agency SACE Agree to Conduct Russian-Italian Foreign Trade Transactions

26 november 2013 года
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In the course of Russian President Vladimir Putin’s working visit to Italy Vnesheconombank and Export Agency SACE signed a Memorandum of Understanding. The Memorandum was signed in the presence of Russian President Vladimir Putin and Italian Prime Minister Enrico Letta as part of Russian-Italian summit interstate consultations underway in the city of Trieste.

On behalf Vnesheconombank the Memorandum was signed by Chairman Vladimir Dmitriev and on behalf of SACE - by Director General Alessandro Castellano.

The Memorandum is designed to enhance bilateral cooperation between SACE and VEB in selecting projects of mutual interest for the Russian and Italian parties.

The parties agreed to conduct Russian-Italian foreign trade transactions by way of exchanging expert evaluations and information, analyzing relevant projects and identifying potential mechanisms for funding them (lending, insurance, guarantee transactions).

 

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

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Vnesheconombank and Company CO.MO.I. Group SA Intend to Fund VEB’s Customers under Contracts with Italian Suppliers

26 november 2013 года
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In the course of Russian President Vladimir Putin’s working visit to Italy Vnesheconombank and Company CO.MO.I. Group SA signed a Letter of Understanding. The Letter was signed in the presence of Russian President Vladimir Putin and Italian Prime Minister Enrico Letta as part of Russian-Italian summit interstate consultations underway in the city of Trieste.

On behalf of Vnesheconombank the Letter was signed by Chairman Vladimir Dmitriev and on behalf of CO.MO.I. Group SA - by Managing Directors Tarcisio Pico and Sergio Zoncada.

The parties agreed to cooperate in making arrangements for trade financing of Vnesheconombank’s customers under contracts with Italian suppliers.

Group SA is an international group of companies. It was established in 1984. It is comprised of companies based in Italy, Luxemburg and Switzerland. The Group is specializing in providing services to private corporate customers in assets trust management as well as in providing consulting services.

 

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

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