Vnesheconombank Group and the Government of the Rostov region discuss results of their joint work on the region’s development

9 june 2016 года
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The third session of the Working Group on Monitoring the Implementation of Joint Action Plans of Vnesheconombank Group and Supreme Government Executive Authorities of the Russian Constituent Entities was held at Vnesheconombank under the chairmanship of Vnesheconombank Deputy Chairman Irina Makieva. The session was devoted to a comprehensive development of the Rostov region’s territory.

In the attendance of the session were Deputy Governor of the Rostov region Yuri Molodchenko, heads of the region’s line ministries as well as initiators of investment projects.

In the course of the session its participants summed up the results of implementing Vnesheconombank Group’s and the Rostov region Government’s Joint Action Plan for May of 2015 - April of 2016. Heads of ministries and Vnesheconombank’s core subdivisions shared information on the current status of investment projects recommended by the Government of the Rostov region for consideration by Vnesheconombank. The session’s participants discussed issues of supporting small and medium-sized enterprises as well as cooperation in public private partnership in the Rostov region and identified prospects for further cooperation.

The joint action plan of Vnesheconombank Group and the Government of the Rostov region for a comprehensive development of the Rostov region’s territory for a period of 2013- 2018 was approved in September of 2013. The Working Group was set up to monitor the implementation of joint action plans of Vnesheconombank Group and supreme government executive authorities of the Russian constituent entities. The Working Group is comprised of Vnesheconombank’s and its subsidiaries’ representatives: JSC The Export Insurance Agency of Russia , LLC The Russian Direct Investment Fund, PJSC Svyaz Bank, JSC GLOBEX BANK, JSC SME Bank, LLC VEB Capital, LLC VEB Engineering , OJSC The Federal Center for Project Finance and OJSC VEB -Leasing.


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VEB to provide guarantees on credits for purchasing Sukhoi Superjet 100 aircraft

8 june 2016 года
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The Russian Government approved a procedure for providing state guarantees on state credits of Iluyshin Finance Co. for purchasing SSJ-100 passenger aircraft.Russian Prime Minister Dmitry Medvedev signed a relevant resolution.

Vnesheconombank - an agent for the Russian Government – is to be engaged for providing state guarantees.

A decision made is designed toencourage production and sales of Sukhoi Superjet 100 aircraft.


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Vnesheconombank releases its quarterly bulletin "Sustainability in DFI and IFO"

2 june 2016 года
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CONTENTS OF THE ISSUE

PROMOTING SUSTAINABILITY WORLDWIDE

Green financing and investment in green infrastructure projects will be a key agenda during China’s presidency in the Group of Twenty (G20) in 2016. (p. 8)

TOWARDS A GREEN ECONOMY FOR RUSSIA

Russia’s coal industry needs to align with new environmental principles. (p. 13)

SUSTAINABILITY RATINGS AND RESEARCH

Russia ranked 32nd in the global Environmental Performance Index. (p. 19)

SUSTAINABILITY IN VNESHECONOMBANK

The topic of the latest meeting of The Expert Council of Vneshecnombank was Climate Agreement: New Conditions and Prospects for Business. (p. 24)

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

2 june 2016 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 May 31, 2016.

The Reserve Fund

In May of 2016, in accordance with the Federal Law dated December 14, 2014 № 359-FZ “On the Federal Budget for 2016 ” and in accordance with Order of the Russian Finance Ministry dated April 1, 2016 № 104 “On Using Financial Resources of the Reserve Fund in Foreign Currency to Fund the Federal Budget Deficit in 2016,” a part of the financial resources of the Fund in foreign currency from the Bank of Russia’s accounts in the amount of 2.67 billion US dollars, 2.34 billion euros and 0.41 billion pounds sterlings were sold for 390.00 billion rubles and the funds received were transferred to the unified account of the federal budget to cover its deficit.

As of June 1, 2016, the aggregate amount of the Reserve Fund was 2 551.06 billion rubles which is equivalent to 38.60 billion US dollars. The amounts of balances in separate accounts to record funds of the Reserve Fund were:

  • 17.42 billion US dollars;
  • 15.61 billion euros;
  • 2.62 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 May 31, 2016 was 0.14 billion US dollars, which is equivalent to 8.97 billion rubles. The exchange rate difference from recalculating balances of funds in the said accounts for a period from January 1 to May 31, 2016 was a negative value of (-) 309.51 billion rubles.

The National Wealth Fund

As of June 1, 2016, the aggregate amount of the National Wealth Fund was 4 823.69 billion rubles which is equivalent to 72.99 billion US dollars including:

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

  • 19.56 billion US dollars;
  • 20.76 billion euros;
  • 3.83 billion pounds sterlings;

2) 195.03 billion rubles and 6.25 billion US dollars were deposited with Vnesheconombank.

3) under an individual decision by the Russian Government 3.00 billion US dollars were placed in debt instruments of foreign states without placing demands on long-term credit ratings.

4) in bonds of Russian issuers related to implementing infrastructure projects, a list of which is approved by the Russian Government – 112.63billion rubles and 4.11 billion US dollars;

5) in preferred shares of credit institutions – 278.99 billion rubles;

6) on deposits of OJSC Bank VTB and Bank GPB (JSC) in order to fund infrastructure projects a list of which is approved by the Russian Government - 164.43 billion rubles.

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 May 31, 2016, was 0.12 billion US dollars, which is equivalent to 7.96 billion rubles. The exchange rate difference from recalculating monetary resources of the Fund from January 1 to May 31, 2016 was a negative value of (-) 397.21 billion rubles including:

  • balances in foreign exchange accounts with the Bank of Russia – (-)306.31 billion rubles;
  • funds deposited with Vnesheconombank in US dollars – (-) 42.53 billion rubles;
  • funds placed in debt instruments of foreign states without placing demands on long-term credit ratings – (-)20.40 billion rubles.
  • foreign-currency denominated bonds of Russian issuers related to implementing infrastructure projects, a list of which is approved by the Russian Government – (-)27.97 billion rubles.

The aggregate income from investing financial resources of the Fund in the authorized financial assets minus funds in the accounts of the Bank of Russia from January to May of 2016 amounted to 13.84 billion rubles which is equivalent to 0.20 billion US dollars.

Indicators of the aggregate amount of the Reserve Fund and the National Wealth Fund as well as of calculated incomes (losses) 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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Regular meeting of Vnesheconombank’s Supervisory Board held

1 june 2016 года
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On June 1, 2016, Vnesheconombank’s Supervisory Board considered an issue of increasing authorized capital of JSC the Russian Export Center (REC) (VEB Group) by way of placing additional registered shares to be purchased later by Vnesheconombank. Thus, REC’s authorized capital is to amount to 48.8 billion rubles. This decision was made as part of implementing the Russian Government’s anti-crisis plan in so far as it relates to additional capitalization of JSC ROSEXIMBANK for an amount of 8.1 billion rubles. This measure will make it possible to provide credit support to Russian exporters for an amount of 40 billion rubles.

The meeting’s participants determined main parameters of transactions on investing pension savings funds in corporate bonds in 2016, made a decision to purchase up to 100% of ten-year bond issues of PJSC Rosset in the amount of 25 billion rubles and Atomenergoprom for an amount of 60 billion rubles. The purchase of these companies’ shares into the extended portfolio of the State Managing Company will make it possible to raise the portfolio’s immunization, its level of diversification and generate yields exceeding those of the OFZ issue with a respective maturity by 1%.


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