Today, on June 28, 2007, the first meeting of the state corporation «The Bank for Development and Foreign Economic Affairs (Vnesheconombank)» was held in the House of the Russian Government. The meeting was presided by Russian Prime Minister Mikhail Fradkov.
The Supervisory Council approved the members of Vnesheconombank’s Board. Nikolay Kosov, Anatoly Zabaznov, Sergey Lykov, Alexey Smirnov, Vladimir Shaprinsky, Anatoly Ballo, Petr Fradkov, Sergey Vasiliev were appointed as members of the Board. Board Chairman Vladimir Dmitriev will be responsible for running Vnesheconombank’s Board.
The Supervisory Board also appointed Vyacheslav Ulupov as Head of Vnesheconombank Internal Control Service.
Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Information Letter of New Revision of Uniform Customs and Practices for Documentary Credits (UCP 600)
To Vnesheconombank’s customers
This is to inform you that a new revision of Uniform Customs and Practices for Documentary Credits (UCP 600) is to enter into force from 01.07.2007.
The fact that UCP-600 is to come into force does not annul the previous revision of Uniform Customs and Practices for Documentary Credits UCP 500. Letters of credit opened prior to 01.07.2007 will be governed by UCP 500.
We recommend that upon filling in an application for opening a letter of credit you should follow an application form for opening a letter of credit and recommendations with respect to filling it in posted on Vnesheconombank’s official site – www.veb.ru/.