Alexey Sorokin has been appointed a Deputy Chairman of VEB.RF. In his capacity, he will be in charge of the Urban Economy and Integrated Development. Gorod.RF Unit.
One of VEB.RF’s first priorities is to develop a modern urban economy and create a comfortable urban environment. Alexey Sorokin will coordinate the activities of the VEB.RF Group’s entities and development institutions involved in Russia’s urban infrastructure modernisation programme. The programme will embrace no less than 50 cities.
“I am confident that Alexey will easily blend into the VEB team and draw on his wide professional and managerial experience and extensive expertise to successfully accomplish the objectives,” VEB.RF’s Chairman Igor Shuvalov said.
“Much of my work at VEB.RF is similar to what I did during preparations for the 2018 FIFA World Cup. We paid great attention to infrastructure projects, which is why my current knowledge of construction is as profound as my knowledge of football. The 2018 World Cup allowed us to transform a large number of our cities, but I will be able to do even more as part of VEB.RF’s team,” Alexey Sorokin commented.
Alexey Sorokin chaired the Russia 2018 Organising Committee, was engaged in preparing and holding the 2018 FIFA World Cup in Russia. He was unanimously elected to the FIFA Council in September 2017. Since May 2018 Alexey Sorokin has headed the Russia 2020 Organising Committee in charge of preparations for the UEFA Euro 2020 matches hosted by Saint Petersburg.
Alexey Sorokin is a graduate of Moscow State Linguistic University and the Diplomatic Academy of the Russian Foreign Ministry.
VEB.RF issued short-term bonds in an additional placement to companies and corporations on 21 December 2018.
The Bank raised 8.2 billion roubles from bonds with a maturity of 28 days and a coupon of 7.64% p.a.
The par value of one bond is 1,000 roubles. The bonds were sold at 100% of their par value. The coupon is payable at maturity.
The arrangers of the bond issue are Gazprombank and Svyaz-Bank.
The bonds are on the Moscow Exchange’s Quotation List Level 1. The depository is National Settlement Depository.