Regular Meeting of Vnesheconombank’s Supervisory Board Held

24 september 2015 года
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Dmitry Medvedev’s Opening Address:


Good afternoon, dear colleagues.

Our agenda is as usual overcrowded. Today, we’ll discuss issues related both to a strategy for development of Vnesheconombank as our main development institution and individual but at the same time important, large-scale transactions conducted by Vnesheconombank.

Negative conditions persist – crisis developments on the largest markets and on capital markets, our domestic problems. So, we have to monitor Vnesheconombank’s performance, given that VEB is not just a credit institution but a development institution and its efforts should be aimed at providing increased volumes of funds to finance major investment projects in order to fund large-scale programs and leading enterprises. This concerns not only all economic sectors the Bank traditionally works with but especially new import-substitution projects. Significant funds were committed to the Bank from the National Wealth Fund for it to be able to perform the above-mentioned functions in the most efficient way. Moreover, I would also like to inform you that not long ago, procedures were approved for granting subsidies to various companies operating for example in agricultural and timber processing sectors under credits raised earlier including with the participation of Vnesheconombank. The monetary funds were used for technical retooling and reconstruction under the industrial development program and they also contributed to import substitution.

Now a few words about issues we’ll discuss today. Specifically, a credit is to be extended to R-Farm Company to develop pharmaceutical industry, manufacture advanced pharmaceutical substances and finished pharmaceutical products in the Yaroslavl region, the most part of which we imported earlier. The funds will be also used to finance research and development work. I hope that all this will be highly instrumental in developing our own pharmaceutical sector in Russia, creating high-tech production facilities, new jobs and of course saturating the market with advanced pharmaceuticals at affordable prices. A lot has been already done in this respect including with Vnesheconombank’s participation. Money is provided as part of project finance.

We’ll also discuss today the first project that can be implemented through using monetary resources of the National Wealth Fund. Here I mean funding for pre-project stage of developing the Udokan copper territory in Baikal region – the largest in Russia and the third one in the world b reserves. This is a very large and very important project for East Siberia and the Far East. Energy and transport infrastructure needed not only for the project but for the entire region is to be created in the course of this project’s implementation but the most important thing is that new industrial and smelting facilities are to be created. We need to discuss today what we can do and complete coordination on this project as well as take an optimal decision taking into account the current economic situation.

There are also other projects related to the real economy. We still have to fund another major project – the Yamal LNG project. The project is designed to produce and liquefy natural gas on the basis of the South Tambey gas condensate field. Let’s discuss all these projects and weigh up all the options. We never have predetermined decisions. So, we hold meetings of our Supervisory Board in order to agree upon key lines of activity and take balanced decisions on the basis of collective discussion.


<…>


Origin: Internet site of the Government of the Russian Federation

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Business Forum "Brazil-Russia: Strategic Lines of Cooperation" takes place in Moscow

16 september 2015 года
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In the course of Brazilian Vice President Michel Temer’s formal visit to Russia, the 3d Business Forum “Brazil-Russia: Strategic Lines of Cooperation” took place in Moscow on September 15, 2015. The Forum was organized by the Brazilian Embassy in Moscow and the Business Council Russia-Brazil set up under Vnesheconombank.

In his welcoming address to the Forum’s participants Chairman of the Business Council Russia-Brazil, Vnesheconombank Deputy Chairman – Member of the Board Sergei Vasiliev said that qualitative changes in the Russian-Brazilian relations had taken place recently: we are moving from cooperation in trade to cooperation in investments, education and healthcare.


In his welcoming address first Russian Economic Development Deputy Minister Alexei Likhachev said that such a great interest of Russian and Brazilian companies in enhancing bilateral mutually beneficial cooperation makes us optimistic and creates conditions for expanding trade and economic relations between the two countries. There is no doubt that Brazil is Russia’s strategic and foreign economic partner not only in Latin America but also on a global scale.

In the course of the Forum the leadership of the State of Parana and Russian companies signed the following memorandums of intent and cooperation:

  • A Memorandum of Understanding and Cooperation between the State of Parana and public joint stock company Irkut Corporation. The parties agreed to promote sales of MS-21 aircraft and intend to create an aviation cluster in the city of Maringa and set up a local production facility to manufacture components of aircraft.



  • A Memorandum of Understanding and Cooperation between the State of Parana and Moscow Engineering and Physics Institute (MIFI). The subject matter is technological cooperation in nuclear medicine and high technologies. The parties intend to create a joint engineering center in order to develop and promote technologies in such sectors as medicine, telecommunications, information technologies and dual-purpose technologies. The parties also agreed to cooperate in training personnel for state companies of the State of Prana.
  • Speaking at the closing of the Forum, Brazilian Vice President Michel Temer said that Brazil was interested in Russian investments in infrastructure projects in the country: motorways, railways, ports. The Vice President also said that Brazil was also interested in developing scientific and technical cooperation with Moscow. Talking about sharing of experience between Brazil and Russia, Temer mentioned successful projects in agriculture especially devoted to supporting small and medium-sized enterprises in this sector.


    In the course of the Forum, round-table discussions were held on the following themes: Agriculture, Innovative Technologies and Pharmaceutics, Infrastructure and Power Engineering.

    In the attendance of the Forum were Deputy Prime Minister Arkady Dvorkovich, Brazilian Ambassador Antonio Guerreiro, President of the Brazilian Trade and Investment Promotion Agency Apex-Brazil David Barioni as well as representatives of Brazilian and Russian business. The Forum was attended by more than 400 participans.


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

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VEB meets graduates from the University of Pretoria

8 september 2015 года
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The Financial University under the Government of the Russian Federation (the Financial University) hosted a meeting in Moscow between Vnesheconombank's top management and a delegation of graduates of the Global Executive Development Programme of the Gordon Institute of Business Science (GIBS), the University of Pretoria (South Africa). Vnesheconombank's Chairman Vladimir Dmitriev welcomed the guests with an opening speech.


"I am particularly pleased to mention that the Bank is expanding its contacts with South African partners," stated Mr. Dmitriev. "I believe that the cooperation between the VEB Group, the Financial University and the University of Pretoria has considerable potential," he said, proposing to consider jointly how to realise these opportunities.

Other speakers also included Sergey Lykov, Vnesheconombank's Deputy Chairman – Member of the Board, and Andrei Klepach, Vnesheconombank’s Deputy Chairman (Chief Economist) – Member of the Board.

The highlight of the meeting was an overview of the VEB Group's business lines as well as the Bank's participation in large projects and state programmes, current developments and future trends in the Russian economy. The participants also discussed the current state and prospects for the leading banks and development institutions in South Africa, educational programmes offered by the Financial University and the University of Pretoria of the Republic of South Africa, primarily in the field of international cooperation, taking a closer look at the expertise of the Federal Centre for Project Finance in preparation and implementation of development projects.

It was mutually agreed that there was a potential for closer bilateral cooperation in the exchange of information, research and development and joint activities aimed at sharing the universities' expertise and teaching methods as well as the best practices used by the institutions of the two countries in delivering development projects.



The range of bilateral contacts between the VEB Group and its South-African partners has been considerably extended lately: joint events have been successfully held with the Development Bank of South Africa (DBSA), the Industrial Development Corporation, development institutions of the Republic of South Africa in the field of SME support. Mutual activities have been undertaken with participation of the Department of Industry and Trade of the Republic of South Africa as well as with major public and private companies of the two countries in the area of exports support and energy development, high technologies and car manufacturing.


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

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The Business Forum Brazil-Russia: Strategic Lines of Cooperation

7 september 2015 года
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On the margins of the Russian-Brazilian High Level Commission and the Intergovernmental Russian-Brazilian Commission on Trade, Economic, Scientific and Technical Cooperation, Business Council Russia-Brazil and the Brazilian Embassy is to hold the Business Forum Brazil- Russia: “Strategic Lines of Cooperation” on September 14-15 2015.

The Forum is to be attended by:

  • Michel Temer - Vice President of the Federative Republic of Brazil;
  • Arkady Dvorkovich – RussianVice Premier;
  • Alexei Likhachev – Russian Economic Development Deputy Minister;
  • Sergei Vasiliev – Chairman of the Business Council Russia-Brazil, Vnesheconombank Deputy Chairman, Member of the Board.

As part of the Forum the following workshops/round-table discussions are to be organized on the following themes:

  • Agriculture;
  • Innovative technologies and pharmaceutics;
  • Infrastructure, electric power industry;

We are pleased to invite interested companies and organizations to take part in the Russian-Brazilian Business Forum.

The Forum is to take place on September 15, 2015 at the Radisson Royal Ukraina Hotel (Kutuzovsky avenue, 2/1). Registration of participants starts at 15:30.

The National Committee for Economic Cooperation with Latin American Countries (NC SESLA) acts as the Forum’s operator.

Please let us know until September 9, 2015 at NC SESLA’s address: full name, name of the company, position, contact information, subject to attached form, please specify a subject of your brief report (up to 5 minutes) (optional).

E-mail: cncepla5@inevm.ru, cncepla@inevm.ru
Phone: +7 (499) 702-83-05, +7 (499) 702-83-04

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Vnesheconombank and OJSC Sylovye Mashiny agree to cooperate in the Asian-Pacific region

4 september 2015 года
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In the course of the Eastern Economic Forum in Vladivostok, Vnesheconombank and OJSC Silovye Mashiny signed an agreement on cooperation.

On behalf of Vnesheconombank the agreement was signed by Vnesheconombank First Deputy Chairman Petr Fradkov and on behalf of OJSC Sylovye Mashiny Director General Roman Filippov.

The parties intend to cooperate in implementing export projects in order to promote Russian-made products of energy mechanical engineering to the Asian-Pacific region’s countries.

The agreement would contribute to increased competitiveness of the Russian economy, its increased its diversification an dexports of energy mechanical engineering products and innovations.

 

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

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