On Signing a Memorandum between Vnesheconombank OJSC Bank VTB, Roseximbank, Angola’s Finance Ministry and Angola’s Telecommunications and Information Technologies Ministry

26 june 2009 года
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In the course of Russian President Dmitry Medvedev’s formal visit to the Republic of Angola, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’, OJSC Bank VTB (VTB), Roseximbank, Angola’s Finance Ministry and Angola’s Telecommunications and Information Technologies Ministry signed a Memorandum of Understanding.

Russian banks are planning to further promote cooperation in supporting Russian industrial exports. The Memorandum provides for raising funds of Vnesheconombank, VTB and Roseximbank to finance a project aimed at building a space satellite communications and broadcasting system on the territory of the Republic of Angola.

According to the Memorandum on Vnesheconombank’s Financial Policies providing support for industrial exports and services is one of the main lines of Vnesheconombank’s investment activity.

The signing and further implementation of the Memorandum would help boost economic ties between the Russian Federation and the Republic of Angola.

 

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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On Closing a Deal between Vnesheconombank and Group LSR

25 june 2009 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and Group LSR signed a package of credit documentation to finance a project to build a cement factory in the city of Slantsy of the Leningrad region.

On behalf of Vnesheconombank the documentation was signed by Management Board Member - Vnesheconombank Deputy Chairman Anatoly Ballo, on behalf of Group LSR – by its General Director Igor Levit.

In order to finance the said project Vnesheconombank is to open credit lines for a total amount of 237 million euros for a period of 10 years.

The project is designed for launching a full-cycle cement production facility with a capacity of 1.86 million tons of finished product per year. Unique technological equipment is to be used for manufacturing cement. This equipment makes it possible to significantly reduce resources and power consumption.

Once a cement factory has been launched more than 400 jobs will be created and budgets of all levels are expected to receive about 2 billion rubles per year.

OJSC Group LSR is the largest developer and construction materials manufacturer in the North-West Federal District.

 

Origin: Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-45-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

 

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On signing Agrement between State Corporation ’Bank for Development and Foreign Economic Affairs (Vnesheconombank)’, Mizuho Corporate Bank Ltd. And ZAO Mizuho Corporate Bank (Moscow)

24 june 2009 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’, Mizuho Corporate Bank Ltd. and ZAO Mizuho Corporate Bank (Moscow) entered into a Framework Cooperation Agreement.

On behalf of Vnesheconombank the Agreement was signed by Mr. Petr Fradkov, Management Board Member – Vnesheconombank Deputy Chairman, on behalf of Mizuho Corporate Bank Ltd. – by Mr. Shinya Wako, Managing Executive Officer, Head of Europe, Middle East and Africa, on behalf of ZAO Mizuho Corporate Bank (Moscow) – by Mr. Hiroshi Takahashi, President, ZAO Mizuho Corporate Bank (Moscow).

Under the Agreement the financial institutions are planning to promote cooperation in supporting exports, implementing investment projects in the Russian Federation that provide for the availability of Japanese exports.

The Agreement also provides for cooperation in trade and structural financing and in supporting Mizuho Corporate Bank’s customers interested in establishing enterprises and participating in projects implemented on the territory of the Russian Federation.

Mizuho Corporate Bank was established in April 2002. It is a subsidiary of the Mizuho Financial Group operating in corporate and investment banking. The Bank is the second largest Japanese conglomerate in providing financial services. Mizuho Financial Group Corporate Bank has more than 500 branches and representative offices all over the world.

 

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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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 Vnesheconombank’s Joining the Long-Term Investors Club

23 june 2009 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ became a full member of the Long-Term Investors’ Club (Le club des investisseus de long terme). The Club’s Charter was signed by Vnesheconombank Chairman Vladimir Dmitriev in the course of the first conference of this organization held in Paris on June 22, 2009 and followed by an Annual Summit of Organization for Economic Cooperation and Development (OECD) member states’ ministers.

The Long-Term Investors Club was established in April 2009 on the initiative of major European institutional investors. The Club’s main objective is to formulate joint investment policy and also boost cooperation between major world investors. At the present, the Club incorporates the European Investment Bank, Cassa Deposite e Prestiti (Italy), German State Lending Bank KfW and the French State Bank Caisse des depots et Consignations (CDC).

 

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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