On Refinancing Russian Companies’ Obligations to Foreign Financial Institutions

Vnesheconombank’s Supervisory Board considered issues of refinancing Russian companies’ obligations to foreign financial institutions with an aim of implementing Federal Law dated 13.10.2008 N 173-FZ «On Additional Measures for Supporting the Financial System of the Russian Federation».

The Supervisory Board approved Vnesheconombank’s participation in refinancing a number of transactions of companies operating in the metal mining industry and microelectronics, the operation of which is of great socio-economic importance to the Russian Federation, with these transactions being worth about 2 billion US dollars.

Thus, the total amount of transactions approved by the Supervisory Board in refinancing real- sector companies’ foreign obligations is about 10 billion US dollars.

Origin: Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-45-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

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On Increasing Charter Capital

In accordance with the order of the Government of the Russian Federation, Russia’s Finance Ministry contributed funds in the amount of 75 billion rubles to the charter capital of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’.

At present, the charter capital of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ is about 262.5 billion rubles.

Origin: Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: 7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

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