Vnesheconombank, JSC EXIAR (VEB Group) and the Central Bank of the Islamic Republic of Iran (CBI) sign a Memorandum of Understanding

25 november 2015 года
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In the course of the Summit of Heads of State and Government of the Gas Exporting Countries Forum (GECF) member countries in Teheran and in the Presence of Russian President Vladimir Putin and Iranian President Hassan Rouhani, Vnesheconombank, JSC EXIAR (VEB Group) and the Central Bank of the Islamic Republic of Iran (CBI) signed a Memorandum of Understanding.

Under the Memorandum, the parties are to cooperate in implementing Russian-Iranian export projects and in expanding a list of services and instruments in supporting exports.

In order to increase Russian exports to Iran, Vnesheconombank is exploring the possibility of providing up to 2 billion euros under JSC EXIAR’s insurance coverage.

The parities are to place particular emphasis on supporting projects in such industrial sectors as power engineering, shipbuilding and aircraft industry.

The Memorandum is to be implemented in accordance with standards of national and international law.


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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Vnesheconombank ready to explore the possibility of funding projects in Iran

24 november 2015 года
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In the course of the Summit of Heads of State and Government of the Gas Exporting Countries Forum (GECF) member countries in Teheran, Vnesheconombank, Stroytransgaz company (OJSC STG) and Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) entered into a Memorandum of Understanding.

Under the Memorandum, the parties intend to explore the possibility of implementing jointly a number of projects in the Islamic Republic of Iran. The projects provide for designing and constructing an anode petroleum coke plant with a capacity of 250 thousand metric tons as well as a plant to manufacture alumina from nepheline syenites with a capacity of 200 thousand metric tons.

The Memorandum is being implemented in accordance with standards of national and international law.

Stroytransgaz Group of Companies is an international diversified construction holding, one of the leaders of the Russian market. The companies operating under the brand Stroytransgaz have been implementing major industrial and civil construction projects in Russia and abroad for more than 20 years. The strategic directions of the Group’s activities are associated with the construction of objects in the power, oil and gas and petrochemical industries, transport infrastructure, including road and railway construction, as well as in the field of industrial ecology. STG’s main markets are located in 19 world countries including countries of the Middle East, North Africa, Europe and Asia.

Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) is Iran’s leading holding company in the mining sector. It focuses on manufacturing steel, aluminum, copper, cement and on mineral production. It also participates in projects on the construction and reconstruction of industrial facilities.


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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Vnesheconombank makes presentation of Vnesheconombank Group’s report on sustainable development for 2014

23 november 2015 года
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In the course of public hearings, VEB made a presentation of Vnesheconombank Group’s report on sustainable development for 2014. Vnesheconombank already became the winner of the Annual Report Competition in the category “Best Report on Corporate Social Responsibility and Sustainable Development” organized by Moscow Exchange and Stock Market Media Group and received a Gold Award in the MarCom Awards 2015 International Competition. The Report was presented to more than 50 participants of the Russian business community.


Vnesheconombank has prepared reports on sustainable development since 2009. As part of implementing this voluntary initiative the Bank published six non-financial reports, the last four of which consolidate information on the performance of all Vnesheconombank Group’s institutions in sustainable development. Reports are prepared in accordance with a leading international standard – Global Reporting Initiative Sustainability Guidelines. In 2015, the Bank transferred to a new revision of GRI-G4.

In the course of the hearings their participants discussed issues related to Vnesheconombank’s contribution to addressing issues of the country’s socio-economic development and to further integration of sustainable development principles in its development. The participants also voiced recommendations on disclosing information of the greatest interest for interested parties in the Bank’s non-financial reports. The participants’ recommendations are to be taken into account upon developing a concept of the Group’s next report for 2015 to improve the quality of the Bank’s non-financial reporting in line with expectations of a wide range of interested parties.


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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Vnesheconombank becomes laureate of the MarCom Awards International Competition

13 november 2015 года
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Vnesheconombank Group’s report on sustainable development for 2014 received a Gold Award in the MarCom Awards 2014 International Competition in the category “Best Report on Corporate Social Responsibility”.

In 2015, there were over 6,500 entries from throughout the United States, Canada and 15 other countries. Awards were given in more than 200 categories. The Competition’s organizers noted that that a victory in it is a recognition of outstanding creative achievement in corporate communications.

Vnesheconombank has prepared reports on sustainable development since 2009. As part of implementing this voluntary initiative the Bank published six non-financial reports, the last four of which consolidate information on the performance of all Vnesheconombank Group’s institutions in sustainable development. Reports are prepared in accordance with a leading international standard.


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 intends to participate in implementing projects on the development of platinum deposits in the Krasnoyarsk Territory

10 november 2015 года
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VEB and LLC Russian Platinum signed a Memorandum on cooperation in implementing projects in the Krasnoyarsk Territory.

On behalf of Vnesheconombank the Memorandum was signed by Chairman Vladimir Dmitriev and on behalf of LLC Russian Platinum – by Board Director Musa Bazhaev.


The parties intend to participate in implementing and funding projects on the development of the Chernogorsk deposit and the southern part of Norilsk-1 deposit (platinum group metals, copper, nickel, cobalt).

The project on the development of the Chernogorskdeposit provides for the construction of a mine to produce up to 9 million tons of ore per year, an ore processing plant and relevant infrastructure. The project on the development of the largest platinum group metals deposit –Norilsk-1is scheduled to be implemented in two stages with achieving ore production volumes of 18 million tons per year after reaching projected capacity.

Under the Memorandum, the project’s initiator LLC Russian Platinum is ready to have allauthorizations on projects provided as well as have plots of land assigned. In its turn,VEB intends to carry out expert examination of the projects with a view to potential strategic partnership.

VEB’s participation in projects aimed at boosting efficiency of natural resources utilization is one of the Bank’s main lines of activity.

Russian Platinum is one of the leading platinum group metals (PGM) producers in Russia. By PGM reserves (3600 tons)the company takes first place in the world. The platinum production at the Konder deposit located on the territory of Ayano-Maisky district of the Khabarovsk Territory amounted to 2802 kg (90 086 ounces) for 10 months of the current year. The holding comprises the Chernogorsk deposit andthe southern part of Norilsk-1 deposit, which are located very close to the city of Norilsk.


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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