On Appointing A.V. Tikhonov

23 october 2008 года
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Vnesheconombank Supervisory Board resolved to appoint Anatoly Vladimirovich Tikhonov as Management Board Member — Vnesheconombank First Deputy Chairman. Earlier A.v. Tikhonov was Deputy Governor — Deputy Chairman of the Krasnodar Territory Government.

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

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Information Message

21 october 2008 года
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The Government of the Russian Federation allocated 175 billion rubles from the National Wealth Fund to Vnesheconombank. As agreed with the Russian Finance Ministry the said funds are to be invested in the instruments of the Russian financial market. This measure would help diversify the National Wealth Fund’s investments through purchasing Russian securities and would optimize the Fund’s financial resources management. This move aims to stabilize the Russian stock market. Vnesheconombank will place the funds in tranches.

 

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

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International Conference “Public Private Partnership: New Opportunities for Developing Infrastructure in Countries with Transition Economies” Opens in Moscow

21 october 2008 года
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Today, on October 21, An International Conference “Public Private Partnership: New Opportunities for Developing Infrastructure in the Contrives with Transition Economies” opened in the International Trade Center. Vnesheconombank Chairman Vladimir Dmitriev participated in the Conference. The Conference was organized by Vnesheconombank together with the European Economic Commission of the United Nations and the Higher School of Economics.

The Conference is devoted to political and institutional tasks of PPP development in Russia and abroad, issues of establishing PPP mechanisms, state management of developing the market for PPP projects as well as international and domestic best practices in implementing projects with the use of PPP mechanisms. The Conference participants focused on discussing issues of using PPP mechanisms in the crisis situation as well forming legal and regulatory basis for applying PPP.

Representatives of government authorities and executives of the largest Russian and foreign companies took part in the Conference.

 

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

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Vnesheconombank Participates in a Ceremony to Lay the First Foundation Stone of the Nitrogen Fertilizer Manufacturing Complex in Mendeleevsk (The Republic of Tatarstan)

17 october 2008 года
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Today on October 17, 2008, an official ceremony to lay the first foundation stone of the new integrated nitrogen fertilizer manufacturing complex in the city of Mendeleevsk (the Republic of Tatarstan) was held. The complex is designed for combined production of ammonia, methanol, granulated carbamide and ammonium nitrate. The project is being implemented by OJSC Ammonii.

The complex to be built is the first integrated complex for manufacturing ammonia and methanol on the territory of Russia and CIS and it will make it possible to flexibly regulate the output of finished products depending on market demand. Commissioning of the complex to be built with the use of the world’s state of the art technologies would make the Russian nitrogen fertilizer manufacturing sector a lot more competitive and allow to provide Russian agricultural producers with top quality nitrogen fertilizers and , above all, with granulated carbamide – the most effective and competitive nitrogen fertilizer.

Commissioning of the complex would create more than  250 jobs.

The implementation of the project would make it possible to boost the efficiency of using hydrocarbon raw materials up to a maximum technologically feasible level. Modern integrated manufacturing of ammonia and methanol would eliminate carbon dioxide atmospheric emissions and minimize potential environmental effect.

Besides Vnesheconombank, a state-run non-profit company the Investment Venture Fund of the Republic of Tatarstan acts as the project’s investor. The Government of the Republic of Tatarstan established the Fund to implement the innovation development program.

 

Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone; +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: mailto:presss@veb.ru

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Information message

17 october 2008 года
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The Bank of Russia and MinFin are considering the possibility of placing a target deposit of 2 billion US dollars with Vnesheconombank for a period of one year to purchase 100% of JSC Commercial Bank Globex’s shares. The funds are to be used to carry out a program of rendering financial assistance to it to stabilize the bank’s operation and unconditionally discharge its obligations to customers and counterparties.

A decision to purchase Bank Globex is to be approved by Vnesheconombank Supervisory Board.

 

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

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