On Holding Talks over Implementing the Nitrogen Fertilizer Manufacturing Complex Construction Project in Mendeleevsk (the Republic of Tatarstan)

15 december 2008 года
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Management Board Member – Deputy Chairman of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ Anatoly Ballo participated on December 11-12, 2008 in Tokyo in talks with representatives of the Government of the Republic of Tatarstan and Mitsubishi Heavy Industries Ltd, Sojits Corporation Ltd and OJSC Ammonii over implementing the nitrogen fertilizer manufacturing complex construction project in Mendeleevsk (the Republic of Tatarstan).

In the course of talks between Japanese Mitsubishi Heavy Industries Ltd, Sojits Corporation Ltd and OJSC Ammonii a document was signed, which specifies basic provisions and terms of contracts scheduled to be signed in April 2009.

The Minutes of the meeting were also written up, in which the parties reaffirmed their intention to get the said contracts to come into force and agreed upon further action needed to implement the project. The Minutes were signed by Prime Minister of the Republic of Tatarstan Rustam Minnikhanov, Management Board Member - Vnesheconombank Deputy Chairman Anatoly Ballo, Mitsubishi Heavy Industries Ltd Director and Executive Vice-President Shunichi Miyanaga and OJSC Ammonii Board Director Renat Khanbikov.

The implementation of the project provides for building a new integrated complex to manufacture ammonia, methanol, granulated carbamide and ammonium nitrate with a capacity of 2050 ton-days of ammonia and 668 ton-days of methanol at the site of mineral fertilizer manufacturing plant “MendeleevskazotLLC”.  The total value of the project is more than 1 billion US dollars, Vnesheconombank’s participation share is up to 870 billion US dollars. Vnesheconombank’s Supervisory Board approved the Bank’s participation in financing this project. The project is being implemented by OJSC Ammonii.  Besides Vnesheconombank, state non-profit organization Investment and Venture Fund of the Republic of Tatarstan acts as an investor. The organization was established by the Government of the Republic of Tatarstan with the aim of carrying out the republican program of developing innovative activity.

 

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 Agreement between Vnesheconombank and Altai Territory Administration

12 december 2008 года
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Today, on December 12, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Altai Territory Administration signed a Cooperation Agreement.

On behalf of Vnesheconombank the Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and on behalf of the Altai Territory Administration - by Governor Alexandr Karlin.

The Agreement aims to establish strategic partnership and promote long-term effective cooperation between the parties in investment activity.

Under the Agreement the parties intend to cooperate in financing investment projects, implementation of which is planned in the Altai Territory. A list of projects is to be made annually on the basis of the region’s socio-economic development priorities. The parties plan to give top priority to projects in the agricultural complex and pharmaceutics as well as to supporting small and medium-sized business in the region.

The implementation of this Agreement would help address issues of the region’s socio-economic development and boost its economic and industrial potential.

 

 

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 Decisions by Vneseconombank Supervisory Board

10 december 2008 года
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Vnesheconombank’s Supervisory Board approved Vnesheconombank’s participation in refinancing a number of transactions by oil and gas complex enterprises and OJSC Bank VTB, the operation of which are of great socio-economic importance to the Russian Federation, in the total amount of 2 billon US dollars.

At present, the total amount of transactions approved by the Supervisory Board in refinancing foreign debt obligations of non-credit real sector enterprises and a credit institution responsible for financing the real sector of the economy is 11.8 billion US dollars.

The Supervisory Board also approved the first transactions in extending subordinated loan facilities to Russian banks. Thus, Vnesheconombank started to implement certain provisions of Federal Law dated 13.10.2008 N 173-FZ “On Additional Measures for Supporting the Financial System of the Russian Federation”.

Subordinated loan facilities in the total amount of 17.1 billion rubles are being extended to Russian credit institutions operating actively in the real sector of the economy: Alfa-Bank - in the amount of 10.2 billion rubles, Nomos-Bank – 4.9 billion rubles, the Khanty-Mansi Bank – 2.0 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 Decisions by Vneseconombank Supervisory Board

10 december 2008 года
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Vnesheconombank’s Supervisory Board approved Vnesheconombank’s participation in refinancing a number of transactions by oil and gas complex enterprises and OJSC Bank VTB, the operation of which are of great socio-economic importance to the Russian Federation, in the total amount of 2 billon US dollars.

At present, the total amount of transactions approved by the Supervisory Board in refinancing foreign debt obligations of non-credit real sector enterprises and a credit institution responsible for financing the real sector of the economy is 11.8 billion US dollars.

The Supervisory Board also approved the first transactions in extending subordinated loan facilities to Russian banks. Thus, Vnesheconombank started to implement certain provisions of Federal Law dated 13.10.2008173-FZ «On Additional Measures for Supporting the Financial System of the Russian Federation».

Subordinated loan facilities in the total amount of 17.1 billion rubles are being extended to Russian credit institutions operating actively in the real sector of the economy: Alfa-Bank — in the amount of 10.2 billion rubles, Nomos-Bank — 4.9 billion rubles, the Khanty-Mansi Bank — 2.0 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 Agreement between Vnesheconombank and China State Development Bank

9 december 2008 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the China State Development Bank signed a Cooperation Agreement worth 150 million US dollars.

On behalf of Vnesheconombank, the Agreement was signed by Vladimir Dmitriev, Chairman of Vnesheconombank, on behalf of the China State Development Bank – by its Chairman Chen Yuan.

Funds are to be made available for a period of 1 year and will be used to implement Russian enterprises’ export projects.

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

The China State Development Bank is a state financial institution of the PRC responsible for providing support for major investment projects.

 

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

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