Representatives of Vnesheconombank’s Management were Awarded the Foreign Ministry’s Badge ‘For contribution to International Cooperation’

11 december 2013 года
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A ceremony to award the Foreign Ministry’s Badge ‘For Contribution to International Cooperation’ to Vnesheconombank Deputy Chairman - Member of the Board Alexandr Ivanov, Vnesheconombank Deputy Chairman – Member of the Board Mikhail kpeikin and Director of Vnesheconombank’s Export Financing Department Daniil Algulyan was held at the Foreign Ministry.

First Russian Deputy Foreign Minister Vladimir Titov presented the awards.

In accordance with the order of Russian Foreign Minister Sergei Lavrov dated June 26, 2013 representatives of Vnesheconombank received the award for their contribution to establishing and enhancing a Pilot Financial Initiative of the Council of the Baltic Sea States as part of Russia’s Presidency in this institution in 2012-2013.

The Pilot Financial Initiative of the Council of the Baltic Sea States is a mechanism for funding projects aimed at sustainable economic development and cooperation, sharing scientific and technical expertise as well as at boosting the Council member states’ investments efficiency and implementing sub-regional programs.

Vnesheconombank regards the Pilot Financial Initiative as a form of foreign economic activity designed to create favorable conditions for implementing the Strategy of the North-Western Federal District’s Socio-Economic Development for a Period of up to 2020. The Strategy was approved by the Government of the Russian Federation.

The Council of the Baltic Sea States (CBSS) was established in 1992 in Copenhagen as an informal regional political forum, which main aim is to promote integration process and to affiliate close contacts between the countries of the region. The members of CBSS are Denmark, Estonia, Finland, Germany, Iceland, Latvia, Lithuania, Norway, Poland, Russia, Sweden and European Commission.

 

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 Raises a Credit Facility from the Nordic Investment Bank

5 december 2013 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Nordic Investment Bank, NIB entered into a credit agreement.

On behalf of Vnesheconombank the agreement was signed by Deputy Chairman – Member of the Board Alexandr Ivanov, on behalf of NIB – by First Vice President Thomas Wrangdahl.

Under the agreement NIB is to extend 50 million euros to Vnesheconombank for a tenure of 10 years to fund projects in energy efficiency, as well as projects designed to reduce green house gas emissions. Top priority is to be given to projects on the territory of the North-Western Federal District of the Russian Federation as well as those providing for direct supplies of products and equipment from NIB member countries.

The Nordic Investment Bank (NIB) extends long-term credits and guarantees to customers from private and public sectors. NIB started to operate in 1976 as an international institution of Nordic countries. Nowadays, the Bank’s members are Denmark, Finland, Estonia, Latvia, Iceland, Norway and Sweden. NIB promotes sustainable development by funding projects that strengthen competitiveness and help to enhance the environment.

 

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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