VEB.RF’s Supervisory Board Considers Approaches for Group’s Strategy and Several High-Priority Projects

16 april 2021 года
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Dmitry Grigorenko, Deputy Prime Minister and Chief of Staff of the Government Executive Office of the Russian Federation, presided at a meeting of VEB.RF’s Supervisory Board.

As specified in the road map for reforming the development institutions, VEB.RF is to submit the Group’s updated strategy by 1 July. In this connection, the Supervisory Board considered and approved the main areas of VEB.RF’s activities to be included in the new strategy.

The Supervisory Board decided that VEB.RF’s priorities would include maximising the Group’s contribution to attaining national development goals. Therefore, VEB.RF should act as an integrator of priority projects and set up a customer-centric business support system offering standardised products and services and making it possible to ensure the scalability of integrated development programmes and remove the risks of economic cycles or complex project stages.

Dmitry Grigorenko, Deputy Prime Minister and Chief of Staff of the Government Executive Office of the Russian Federation, Chairman of VEB.RF’s Supervisory Board, said during the meeting:

“The Supervisory Board discussed the main areas of the VEB.RF Group’s new strategy. The development institutions’ priority is now the consolidation of public and private investment resources to achieve a breakthrough in the country’s development and to ensure adequate living conditions and improve quality of life for people. The Government’s frontline strategy includes considerable investments in the country’s economy, and VEB.RF is becoming a tool for obtaining these investments. The VEB.RF Group is a key partner of the Government and business, providing comprehensive support for the priority areas of economic development.

“In addition to its current activities, VEB.RF was given four new strategic areas. These are investments in major projects within the Government’s frontline strategies. Support for projects to improve competitiveness, export-oriented projects and projects aimed at creating super-industries for a technological breakthrough. Third, projects of regional significance, including public-private partnership projects. VEB.RF is becoming a driver of tomorrow’s infrastructural projects aimed at developing urban agglomerations.”

Igor Shuvalov, Chairman, VEB.RF, said:

“The Supervisory Board discussed what VEB.RF should be like after the development institutions have been reformed. VEB.RF is ready to take on more ambitious tasks and participate actively in the implementation of the Government’s frontline strategies.

“VEB.RF’s new business model will allow us, if we have adequate capital and liquidity, to implement investment projects for 10 trillion roubles by the end of 2025.”

Additionally, the Supervisory Board considered several issues related to obtaining additional liquidity to finance VEB.RF investment projects as well as corporate issues.

The Supervisory Board also discussed the possibility of carrying out a pilot project to modernise the Taganrog tram system. The concession project involves the replacement of 45 kilometres of tracks and 60 electric trams. The project will make it possible to provide high-quality and full public transport services and attract new tourists to Taganrog. In addition, the project can become Russia’s first concession covering the entire tram system of a city.

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WorldSkills Student Competition Winners Invited to SKOLKOVO

14 april 2021 года
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The winners of the WorldSkills student competition in the category “Urban Studies: Town Planning” were able to attend lectures under the training programme of VEB.RF and Moscow School of Management SKOLKOVO for management teams in the 100 largest Russian cities. Students at Kosygin Russian State University (RSU) were provided with this opportunity following the vocational skills competition that was hosted by the university in late March. Russia’s first category was organised by the Housing and Utilities Reform Fund with support from VEB.RF.

The WorldSkills competition took place at RSU in late March. It was not easy for students of the Environmental Design Department to win: they had only three days to prepare their projects. Their competition task was to develop a project for the integrated development of the forest park in the Mikrogorod housing estate, which is managed by New Urban Projects (part of the VEB.RF Group).

The competition winners were invited to attend lectures at SKOLKOVO about the development of creative industries together with management teams from the 100 largest Russian cities. The programme is intended for city managers and their key assistants. This is a unique programme as it focuses on practical matters and uses a comprehensive approach.

“It’s great we were able to hear how some problem or other will be resolved in the development of creative industries in the future. We’ve learnt a lot of interesting things, and it will definitely come in handy in our work,” RSU student Maria Bystritskaya said.

The speakers were Russian and foreign experts: Matthias Rauch, Cultural Innovation Officer and Head of the Cultural Urban Development Department, Mannheim, Germany; Denis Shchukin, Director, Creative Practices Foundation; Polina Kuzavlyova, Head of the Department of Special Projects, Studies and Consulting, Universal University; Dmitry Tyutkov, Co-founder and Creative Director, TUTKOVBUDKOV; Mark Zavadskiy, CEO, Riki Group. The students were shown Moscow School of Management SKOLKOVO and its campus.

“The students got a unique opportunity to immerse themselves in a professional environment and learn more about the development of creative industries. The lectures and the tour of our campus were very inspiring for them, and I’m sure this will give powerful impetus to their further development in the area of urban studies. Thank you for this opportunity,” said Tatiana Kulikova, Deputy Director, Institute of Design, Kosygin Russian State University.


For information: VEB.RF launched the training programme for the 100 largest Russian cities last summer. The programme consists of 14 modules in five categories. Built on the Master of Public Administration (MPA) standard, the programme was prepared by VEB.RF and Moscow School of Management SKOLKOVO in partnership with Strelka Institute for Media, Architecture, and Design; the Higher School of Economics; and the New Economic School.

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