Vnesheconombnk Supervisory Council’s First Meeting

28 june 2007 года
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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
Phone: +7 (495) 208-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru

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Information Letter of New Revision of Uniform Customs and Practices for Documentary Credits (UCP 600)

27 june 2007 года
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To Vnesheconombank’s customers

 

Dear Sirs!

 

 

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/.

 

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Payments on 1997 and 1998 Eurobonds

26 june 2007 года
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Vnesheconombank in accordance with the terms of issuing eurobonds, on the RF Finance Ministry’s instructions made a final payment totaling 2 billion 520 million US dollars to repay 1997 eurobonds.

2 billion and 400 million US dollars were transferred to repay the principal debt; 120 million US dollars were transferred to pay interest. The payment was made in a single currency. The funds were transferred to Citibank N.A., London Office.

1997 eurobonds were issued for the amount of 2.4 billion US dollars for a period of 10 years, with coupon payments to be made twice a year.

Vnesheconombank also made payment in the amount of 159 million 375 thousand US dollars to pay interest on 1998 eurobonds. The payment was made in a single currency. The funds were transferred to Citibank N.A., London Office.

1998 eurobonds were issued for the amount of 2.5 billion US dollars for a period of 30 years, with coupon payments to be made twice a year.

 

Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 208-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru

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Information Letter to Correspondent Banks and Customers Concerning Changes in the Bank Details

21 june 2007 года
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Dear Sirs!

This is to inform you that based on article 20 of federal Law dated 17.05.07 N82-FZ “On the Development Bank” the Bank for Foreign Economic Affairs of the USSR (Vnesheconombank of the USSR) has been reorganized by way of transforming it into the state corporation “The Bank for Development and Foreign Economic Affairs (Vnesheconombank)”.

In connection with reorganization we inform you of Vnesheconombank’s new details:

Full name: The State Corporation “The Bank for Development and Foreign Economic Affairs (Vnesheconombank)”

Abbreviated name: Vnesheconombank

Legal and postal address: building 9, Academician Sakharov avenue, the city of Moscow, GSP-6, 107996, Russia

Main state registration number (OGRN): 1077711000102

Identification taxpayer number (INN): 7750004150

Tax registration reason code (KPP):

1)      997950001 -when registered as a major taxpayer with a tax authority at the place of registration.

This code is to be specified upon executing documents associated with the Bank’s payments in federal level taxes, among other things upon executing documents concerning transactions subject to value added tax (agreements, invoices, payment instructions and others).

2)      775001001 –when registered with a tax authority at the place of organization location.

The code is to be specified upon executing documents associated with other payments to the budget as well as upon sending information stipulated in subclause 2 of article 23 of the Russian Tax Code (on opening/closing accounts and on participating in Russian and foreign organizations etc) to a tax authority at the place of organization location.

Codes: OKPO – 00005061 OKOGU – 15003 OKATO – 45286565000
OKTMO – 45378000 OKFS – 12 OKOPF – 82
OKVED – 65.23 (main) OKVED – 65.12 (additional)

                           

                                              

                         

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Russian Government Appoints Members of Vnesheconombank Supervisory Council

21 june 2007 года
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Moscow, June 21, PRIME-TASS. The Russian Government appointed members of Supervisory Council of the state corporation “The Bank for Development and Foreign Economic Affairs (Vnesheconombank)” to be headed by Russian Prime Minister Mikhail Fradkov. Relevant Order № 791-r dated June 19 was signed by the Russian Prime Minister, reported the government press service on Thursday.

The Supervisory Council is comprised of Minister of Economic Development and Trade Herman Gref, Rosatom Head Sergey Kirienko, Russian Finance Minister Alexey Kudrin, Transportation Minister Igor Levitin, Russian Vice Prime Minister Sergey Naryshkin, First Deputy Chairman of the Military Industrial Commission under the Russian Government -Russian Minister Vladislav Putilin and Russian Minister of Industry and Energy Victor Khristenko.

Besides, Vnesheconombank Chairman Vladimir Dmitriev is ex-officio member of the Supervisory Council.

21.06.2007 14:37

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