Russian Government Appoints Members of Vnesheconombank Supervisory Council
Moscow, June 21, PRIME-TASS. The Russian Government appointed members of Supervisory Council of the state corporation “The Bank for Development and Foreign Economic Affairs (Vnesheconombank)” to be headed by Russian Prime Minister Mikhail Fradkov. Relevant Order № 791-r dated June 19 was signed by the Russian Prime Minister, reported the government press service on Thursday.
The Supervisory Council is comprised of Minister of Economic Development and Trade Herman Gref, Rosatom Head Sergey Kirienko, Russian Finance Minister Alexey Kudrin, Transportation Minister Igor Levitin, Russian Vice Prime Minister Sergey Naryshkin, First Deputy Chairman of the Military Industrial Commission under the Russian Government -Russian Minister Vladislav Putilin and Russian Minister of Industry and Energy Victor Khristenko.
Besides, Vnesheconombank Chairman Vladimir Dmitriev is ex-officio member of the Supervisory Council.
Forming Management Bodies of Vnesheconombank
Forming management bodies of the Bank for Development and Foreign Economic Affairs (Vnesheconombank) is nearing completion.
The Russian President appointed Acting Vnesheconombank Chairman Vladimir Dmitriev as Chairman of the Bank for Development and Foreign Economic Affairs (Vnesheconombank).
The Development Bank was registered with the State Registration Chamber under the Russian Justice Ministry on June 8 this year.
The Development Bank is being established by way of reorganization in the form of transforming Vnesheconombank of the USSR. Its authorized capital is to be formed by consolidating assets to be transferred upon reorganizing VEB, the Russian Development Bank’s and Roseximbank’s shares held in federal property as well as assets to be transferred by the Government of the Russian Federation. The size of the Bank’s authorized capital is to be determined by the Government and it is to be no less than 70 billion rubles.
The Supervisory Council will be the Development Bank’s supreme management body to be comprised of eight Council members and the Bank Chairman.