On Signing a Framework Credit Agreement between Vnesheconombank and the China State Development Bank

14 june 2009 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the China State Development Bank (CDB) entered into a Framework Credit Agreement.

On behalf of the Russian side the Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev, on behalf of the Chinese side – by CDB Board Chairman Chang Yuan.

Under the Agreement, the CDB is to open a credit line for a total amount of 1 billion US dollars. This Agreement aims to promote cooperation between the two parties in raising funds to finance investment projects to be implemented on the territory of the Russian Federation in partnership with Chinese companies.

 

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

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On Vnesheconombank’s Participation in a Session of the Prague Club of Export Credit and Investment Insurers

10 june 2009 года
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On June 9-10, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ participated in a session of the Prague Club of Export Credit and Investment Insurers meeting in the city of Minsk (the Republic of Belarus).

The session’s participants discussed export agencies’ activities trends and prospects under the conditions of the global financial crisis and also expressed their interest in the process of establishing a Specialized Export Credit and Investment Insurance Agency in the Russian Federation.

State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ has been participating in the Prague Club’s events as the observer since 2008. At present 30 export credit agencies are members of the Prague Club.

 

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

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On Signing a Credit Agreement between Vnesheconombank and OJSC Krasnaya Polyana

6 june 2009 года
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On June 6, in the course of the 13th Petersburg International Economic Forum, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and OJSC Krasnaya Polyana entered into an Agreement on Extending a Credit Line worth 9.2 billion rubles for a Period of 12.5 Years.

On behalf of Vnesheconombank the Agreement was signed by Management Board Member – Vnesheconombank Deputy Chairman Anatoly Ballo, on behalf of OJSC Krasnaya Polyana – by its General Director Daniyal Sheikhov.

The funds are intended for financing the construction of the following Olympic facilities: an Olympic media village for 2 150 rooms, a ski-jump complex K-25, K-95 with a capacity of 15 thousand spectators.

These projects are being implemented under the Program of Building Olympic Facilities and Developing the City of Sochi as an Alpine Ski Climatic Resort approved by the Resolution of the Government of the Russian Federation.

The Agreement was made in accordance with general approaches to financing Olympic facilities approved by Vnesheconombank’s Supervisory Board. The Bank for Development was charged with becoming one of the main creditors of the construction of Olympic facilities.

At present, Vnesheconombank is considering 8 projects aimed at building Olympic facilities in the total amount of more than 120 billion rubles.

 

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 Signing a Memorandum on Implementing the Golden Ring Project

6 june 2009 года
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On June 6, in the course of the 13th Petersburg International Economic Forum, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Golden Ring Resort (LLC) and the Government of the Yaroslavl region signed a Memorandum on Cooperation in Implementing the Project aimed at building a recreational tourist complex “The Golden Ring”.

On behalf of Vnesheconombank the Memorandum was signed by Vnesheconombank Chairman Vladimir Dmitriev, on behalf of the Golden Ring Resort (LLC) – by its General Director Petr Shura, on behalf of the Yaroslavl region Administration – by Governor Sergei Vakhrukov.

Under the Memorandum the parties agreed to cooperate in implementing the Project aimed at building a recreational and tourist complex “The Golden Ring”.

The implementation of this Memorandum would help remove economic growth infrastructure restrictions and develop the tourist infrastructure within the historic macro region of the Golden Ring.

Under the Bank’s Memorandum on its financial policies one of Vnesheconombank’s main lines of activity is to implement investment projects aimed at removing economic growth infrastructure restrictions including the development of tourism infrastructure.

The Project “Recreational and Tourist Complex “The Golden Ring” provides for comprehensively developing the territory in order to build a new large-scale tourist and recreational facility including both a hotel complex and other accommodations and a wide range of infrastructure. The Project is being implemented on the plot of land 200 hectares in area in the Yaroslavl region next to the national park “Plescheevo Ozero”.

 

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 Vnesheconombank’s Participation in the 13th Petersburg International Economic Forum

6 june 2009 года
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Vnesheconombank signed a number of agreements in the course of the 13th Petersburg International Economic Forum.

The Bank signed a Frame Agreement on Cooperation with the Danish Export-Credit Agency Eksport Kredit Fonden (EKF). The Agreement provides for cooperation between the parties in implementing projects aimed at exporting Danish products and services to the Russian Federation and at exporting Russian products and services to Denmark as well as at supplying Russian and Danish products and services to third countries on terms of insurance and reinsurance. This Agreement aims to promote sustainable economic and financial ties between the Russian Federation and the Kingdom of Denmark.

The Bank signed an Agreement on Cooperation with the Government of the Vologda region. Under the Agreement the parties intend to cooperate in raising funds to finance investment projects to be implemented on the territory of the region. Top priority is to be given to projects in the following sectors: linen production, timber processing industry, electric power engineering, construction materials industry, transport infrastructure. The Agreement would help address issues of supporting small and medium-sized enterprises, encouraging investment activity aimed at boosting industrial, socio-economic and infrastructure potential of the region.

The Bank signed a Memorandum on Cooperation in Implementing the Program of Reconstructing and Modernizing Russian Minor Railway Stations with OJSC Russian Railways, OJSC Transsignalstroi, LLC Corporation Gazenergoprom, CJSC VTB Kapital. The Program is to be carried out under “The Concept of Efficient Use and Development of Railway Stations up to the Year 2015” worked out by OJSC RZHD in 2008. The Program aims to modernize Russian railway stations and transform them into high-technology, multifunctional passenger transport-interchange hubs.

The Bank signed a Memorandum on Cooperation in Implementing the Project aimed at Building a Recreational Tourist Complex “The Golden Ring” with the Golden Ring Resort (LLC) and the Government of the Yaroslavl region. The implementation of this Memorandum would help remove economic growth infrastructure restrictions and develop the tourist infrastructure within the historic macro region of the Golden Ring. The Project “Recreational and Tourist Complex “The Golden Ring” provides for comprehensively developing the territory in order to build a new large-scale tourist and recreational facility including both a hotel complex and other accommodations and a wide range of infrastructure. The project is being implemented on the plot of land 200 hectares in area in the Yaroslavl region next to the national park “Plescheevo Ozero”.

The Bank signed an Agreement with OJSC Krasnaya Polyana on Extending a Credit Line worth 9.2 billion rubles for a Period of 12.5 years to finance the following Olympic facilities: an Olympic Media Village for 2 150 rooms, a Ski-Jump Complex K-25, K-95 with a capacity of 15 thousand spectators. These projects are being implemented under the Program of Building Olympic Facilities and Developing the City of Sochi as an Alpine Ski Climatic Resort approved by the Resolution of the Government of the Russian Federation. The Agreement was made in accordance with general approaches to financing Olympic facilities approved by Vnesheconombank’s Supervisory Board. At present, Vnesheconombank is considering 8 projects aimed at building Olympic facilities in the total amount of more than 120 billion rubles.

 

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

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