Regulation of the Russian Government dated June 23, 2009 № 854-r

23 june 2009 года
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  1. Subject to part 7 of article 25 of the Federal Law “On the Federal Budget for 2009 and for a Planned Period of 2010 and 2011’’ federal budget funds in the amount of 100 000 000 thousand rubles envisaged in 2009 for implementing measures for supporting the banking system of the Russian Federation are to be appropriated for making a contribution of the Russian Federation to the charter capital of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’.
  2. Under the established procedure, the Russian Finance Ministry is to allocate the funds specified in para. 1 of this Regulation to the charter capital of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’.

 

Prime Minister of
The Russian Federation V.Putin

 

Origin: Internet Portal of the Government of the Russian Federation

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On Electing Vladimir Dmitriev as Chairman of the Coordinating Committee on Economic Cooperation with African Countries to the South of the Sahara

18 june 2009 года
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A Constituent Conference of the Coordinating Committee on Economic Cooperation with African Countries to the South of the Sahara was held in Moscow on June 18.

In the course of the Conference they elected the Coordinating Committee’s executives and approved an action program for the foreseeable future.

Vnesheconombank Chairman Vladimir Dmitriev was elected as Chairman of the Coordinating Committee, Management Board Member – Vnesheconombank Deputy Chairman Petr Fradkov was elected as Deputy Chairman of the Coordinating Committee.

The Conference’s participants stressed that the Committee’s activity should be aimed at looking for new fields of mutually beneficial cooperation with African partners.

They also discussed issues of improvising the current mechanisms for public private partnership in order to secure comprehensive and systems use of domestic companies’ the potential to boost Russia’s economic presence on the African continent.

 In attendance of the Conference were Special Presidential Representative for Ties with African Leaders, Director of the Institute of Africa of the Russian Academy of Sciences Alexei Vasiliev, representatives of the Federal Assembly of the Russian Federation, ministries, departments, business community and business associations.

The Coordinating Committee on Economic Cooperation with African Countries to the South of the Sahara is a new non-government organization established on the initiative of the Russian Chamber of Commerce and Industry. The Committee is designed for consolidating efforts made by Russia’s business community, government and non-government institutions to step up foreign economic activity on the African markets as well as for creating effective mechanisms for supporting Russian export-oriented companies in this line of activity.

 

Origin: Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-46-83, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

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On Registering the Report on the Results of Issuing Bonds by Vnesheconombank

17 june 2009 года
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The Federal Service for Financial Markets registered the report by State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank) on the results of issuing bonds series 01 in the amount of 2 billion US dollars.

 

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

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Company Ernst &Young Completes Work on Preparing Options of the Concept for Reorganizing Vnesheconombank’s Subsidiary Banks

17 june 2009 года
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Moscow. June 17. INTERFAX-AFI – Vnesheconombank (VEB) is considering several options of the concept for reorganizing its subsidiary banks.

VEB’s Management Board Member, VEB’s Deputy Chairman Sergei Lykov told Interfax-Afi that Company Ernst&Young, VEB’s consultant, completed fundamental work on preparing several options of the concept for reorganizing Vnesheconombank’s subsidiary banks. Once they have been considered by the Bank’s Management Board  an agreed decision willl be submitted for approval by VEB’s Supervisory Board, he said

“Each of proposed reorganization options would be thoroughly considered.  At the moment, none of the options has been given priority”, added Lykov.

The VEB group incorporates Roseximbank, the Russian Development Bank as well as Svyaz-Bank (RTS:SVZB) and Bank Globex which were purchased late last year for symbolic sums  within the measures for stabilizing the banking sector. In this case he Central Bank provided financial aid placing deposits worth $2.5 billion to purchase Syaz-Bank  and $2 billon to purchase Bank    Globex.                        

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On Signing A Credit Agreement between Vnesheconombank and the China Export-Import Bank

17 june 2009 года
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In the course of Chairman of the Chinese People’s Republic Hu Jintao’s formal visit to the Russian Federation, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Export-Import Bank of China entered into a Framework Credit Agreement for a total amount of 700 million US dollars for a period of 3 years.

On behalf of Vnesheconombank the Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev, on behalf of the Export-Import Bank of China – by Li Ruogu.

The Agreement aims to promote and strengthen long-term cooperation between the financial institutions in financing supplies of equipment and services by Chinese companies to the territory of the Russian Federation.

The signing and further implementation of the Agreement would help promote economic ties between the Russian Federation and the Chinese People’s Republic.

 

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

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