Vnesheconombank Finances Yaroslavl Region’s Golden Ring Resort Project

15 march 2018 года
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With Vnesheconombank’s support, the Yaroslavl Region will have a new resort. The 30-hectare resort comprises 353 rooms of two hotels, 26 chalets, a spa and sports facilities. The resort will be managed by a professional hotel operator. For example, Azimut Hotels is among potential operators.

“As a development institution, Vnesheconombank focuses its efforts, among other things, on support for the most important investment projects affecting regional economic growth. We proactively search for the most promising projects, use best practices for comprehensive risk assessment and adaptable business models. The project financing factory opens up very many new opportunities to implement major projects involving long and relatively inexpensive borrowings. As a result, the portfolios of Vnesheconombank and other members of the factory, including Russia’s largest banks, will consist of more high-quality projects, while Russian regions will receive additional resources for development,” Vnesheconombank’s Chairman Sergey Gorkov said.

VEB Capital CEO Anton Perin said: “The new resort is a unique project that will raise awareness about the region and attract new guests by offering them up-to-date options of hotel accommodation and unique conference facilities. In addition, it is worth noting that the project has an important social role and creates over 200 jobs for local residents.”

The resort has a fully furnished and equipped modern conference hall. With a seating capacity of up to 200, the multi-purpose conference hall can provide additional rooms for one-on-one meetings. The Golden Ring Resort project received the Quality Architecture Award in 2011 and won the Green Project Prize 2011.

In parallel with the presentation of the new resort, there was a meeting of the mayors of the cities of the Golden Ring of Russia, discussing the promotion of the Golden Ring tourist route.

Dmitry Stepanenko, Chairman of the Yaroslavl Region Government, said: “The resort will fundamentally change the Pereslavl-Zalessky tourism market, increase the tourist flow and become a unique venue for business and entertainment events at regional and national level.”

It is intended that the resort will open its doors in the second half of 2018.

Investment Company of Vnesheconombank (VEB Capital) is a wholly owned subsidiary of Vnesheconombank. Approved by the Supervisory Board of the Company in December 2014, the concept of VEB Capital’s operations specifies the following core activities of VEB Capital: management of Vnesheconombank’s distressed assets; management of Vnesheconombank Group’s non-core assets in order to increase their market value; provision of a wide range of services such as advice and due diligence support for third-party asset management, development and disposal, including organising the sale of public property through privatisation.


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Sirius Blockchain Academy Launched by Vnesheconombank and Talent and Success Foundation for Gifted Teenagers

12 march 2018 года
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Vnesheconombank’s Centre of Blockchain Competencies has developed a training programme, Blockchain Academy, designed for teenagers and presented at the Sochi-based Sirius Education Centre. The first batch of students will study under the March educational programme.

The Blockchain Academy programme will enable Sirius trainees to get basic knowledge of digital technology, be taught the fundamentals of pitching and commercialising their own IT projects and learn how to manage their own brain capital. Vnesheconombank’s centre for blockchain technology development will help the teenagers to learn about the creative culture of blockchain technology and find their role in society.

The teenagers will be working on an ambitious project, Generation Z for Tomorrow’s Russia. Their work will result in forming the student community motivated and able to carry out freelance assignments as experts and developers of the multimedia game platform Children’s Digital Republic of e-Sirius.


“Breakthrough technology changes the world so quickly that it is now hard to say what the world will be like in just a few years. A generation has already been born that will use driverless cars, control robots and see absolutely incredible things in medicine. Communication between the state and the individual will be different: numerous processes will go digital and will not need intermediaries; there will be direct relations based mainly on blockchains. We are now on the threshold of digitalisation, which will change our lives. It is important for today’s schoolchildren to be involved in building up this fantastic future and be brave enough to think of how they will live tomorrow,” Vnesheconombank’s Chairman Sergey Gorkov said.

Yelena Shmeleva, head of the Talent and Success Foundation, said: “The high-tech business is open to any age. Our young talent is already able to offer breakthrough solutions that strengthen Russia’s status as a global leader in innovation. Thanks to the Blockchain Academy project, we will help young researchers to realise their scientific potential.”

The Academy was declared open by Maxim Nemkevich, a staff member of Vnesheconombank’s Teenager Department and a student at the Higher School of Economics. Teachers at the Blockchain Academy include representatives of business and blockchain projects along with the teenage staff of the Teenager Department. The students with the best achievements under the project will be able to join the Teenager Department established by Vnesheconombank a year ago.


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