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VEB.RF

January 01, 1970

VEB.RF, or VEB (Russian: ВЭБ.РФ, formerly Vnesheconombank), is a Russian state development corporation and investment company. It was founded in 2007 as a development institute. It has financed more than 300 projects.[citation needed]

VEB.RF
Native name
ВЭБ.РФ
FormerlyVnesheconombank, VEB
Company typeDevelopment corporation
IndustryInvestment
Founded1922 (as bank), 2007 (as development institute)
Headquarters
Moscow
,
Russia
Key people
Igor Shuvalov (chairman)
BrandsVEB.RF, VEB
₽8.4 bn[1] (2020)
Total assets₽3,406 bn[1] (2020)
Total equity₽689 bn[2] (2020)
Websiteveb.ru/en

History edit

Vneshtorgbank (Foreign Trade Bank) of the USSR (1922–1988) edit

18 August 1922, Swedish financier Olof Aschberg established the Soviet Union's first international bank, Roskombank (Роскомбанк; "Russian Commercial Bank") and its charter was approved by a Decree of the Council of Labor and Defense on 19 October 1922.[3]

7 April 1924, the bank was renamed Vneshtorgbank (Внешторгбанк; "Vneshtorgbank of the USSR" or "Foreign Trade Bank of the USSR"), a joint stock bank.[3]

Vnesheconombank (Foreign Economic Affairs Bank) of the USSR edit

In 1988, it was renamed Vnesheconombank of the USSR ("Bank for Foreign Economic Affairs of the USSR").[4]

17 December 1991, Vnesheconombank accounts were frozen because of lack of funds.[3]

For approximately seven years during the 1990s, the Kremlin's obshchak («общак») or black cash was stored in the vaults of Vnesheconombank (VEB) because Viktor Gerashchenko stated that in 1992 VEB became an agency for the return of the state debt of the USSR due to a decree by the Supreme Soviet: "Vnesheconombank does not have a central banking license. It does not need it, since it does not conduct any commercial operations." He also added, "Due to the lack of a license, this is the only Russian bank that the Central Bank does not check – it does not have the right."[5]

In 2002, Vnesheconombank was restructured and it claims to have stepped up its efforts in servicing government programs, and reduced the scope of its commercial business and gave a higher priority to supporting the government's structural reforms.[4]

In April 2002, VEB was appointed Vnesheconombank agent for investing temporarily free Pension Fund's assets in securities denominated in foreign currency, and in January 2003, a special structural subdivision to handle pension funds was formed; VEB was appointed the "State Trust Management Company" responsible for investing Russia's pension funds.[4]

From 2005 to 2006, both the assets and liabilities of the bank doubled from around $6 billion to $12 billion, and the income rose from $239 million to $301 million.[6]

Bank of Development (2007–2018) edit

In April 2007, Russia's State Duma passed the federal law "On Bank for Development," which regulated VEB's legal conditions and made it a state development bank.[7][8]

Vladimir Putin increased lending when he became the VEB's chairman of its supervisory board in 2008.[9][a] By late 2009, VEB quadrupled its assets to nearly 2 trillion rubles ($65 billion),[10] it was seen by the government as an off-budget fund, used to put off budget expenses.[10]

In July 2014, the United States Department of the Treasury imposed economic sanctions that greatly restricted U.S. persons and entities from providing doing business with VEB after the 2014 pro-Russian unrest in Ukraine.[11] Between 2014 and 2017, the Russian Ministry of Finance spent $10 billion on the bank.[9]

VEB has suffered massive losses in 2014–2015, leading to a 330 billion rubles government bailout in 2015,[12] followed by 150 billion rubles in 2016 and a similar amount planned for 2017.[13][14] VEB was the main lender for the 2014 Winter Olympics, and many of the loans originating from the games missed original returns forecasts, or had to be restructured.[15]

In March 2016, the bank was promised a $2.2 billion bailout from the Russian government.[16] Sergey Gorkov, a former senior executive at Sberbank, was appointed to lead VEB and come up with a turnaround strategy, which included the sale of non-core assets.[17] The government originally offered the position to German Gref, who turned down the job.[10]

In March 2017, Ukraine imposed sanctions on Vnesheconombank (and other Russian state-owned banks operating in Ukraine: Sberbank, VTB Bank, VS Bank, Prominvestbank, and BM Bank) as part of its continued sanctions on Russia for its annexation of Crimea and involvement in the War in Donbass.[18][19][20] After that, the bank tried to sell its Ukrainian subsidiary; as of August 2017 unsuccessfully.[18] At Sochi in February 2018, Vnesheconombank's Sergey Gorkov said they hoped to sell its Ukrainian subsidiary, Prominvestbank, by May 2018.[21]

In 2017, the bank's debt was $17 billion, including $14.2 billion in Ukraine.[9] In January 2017, Gorkov released the bank's "Strategy 2021," which predicted relief from sanctions, resuming borrowing in the United States, and shifting risks to the government's budget.[9] According to a report the New York Times published in May 2017, 40% of the bank's loans were at risk of default.[9]

State Development Corporation (from 2018) edit

In May 2018, Igor Shuvalov replaced Gorkov as VEB's new chairman.[22] In July 2018, the bank requested a further $16 billion bailout from the Russian government.[22] In October 2018 the bank announced plans to rebrand, changing its denomination into 'National Development Institute', and confirming it would be granted 600 billion rubles ($9.1 billion) in subsidies from the federal budget by 2024, in addition to the 125 billion rubles received in 2018.[23]

The net profit for the 2018 amounted to 3.85 billion rubles after a loss to 200.4 billion rubles a year earlier.[24] The net profit for the first quarter of 2019 17.6 billion rubles.[25]

In 2019, after a long period when VEB.RF instead of financing new projects was engaged in servicing distressed assets, new investment projects appeared in the portfolio of the state corporation. In the framework of VEB.RF went into the development of the Udokan's copper deposit ($490 million), the production of sulfuric acid at the "KuibyshevAzot" and capacity expansion of "Shchekinoazot" for the production of methanol (the total participation of the corporation 8.5 billion.).[26] VEB.RF started financing the project of construction of six large-tonnage vessels at the Zvezda super-shipyard near Vladivostok. Also VEB.RF, Gazprombank and Sberbank announced the funding of the development of the Talitsky area of the Verkhnekamsk potash deposit in Perm.[27] VEB.RF and Sberbank will provide a syndicated loan for the modernization of Novaport group's regional airports in six cities of Russia, and together with Rockwell Capital will build the largest pulp and paper mill in Siberia.

Sanctions edit

Sanctioned by the United Kingdom from 1 August 2014 in relation to Russia's activities in Crimea.[28]

Sanctioned by New Zealand in relation to the 2022 Russian invasion of Ukraine.[29]

In February 2022, due to Russia's invasion of Ukraine, together with its subsidiaries, it was included in the US sanctions list, SDN, which provides for the maximum possible restrictions and a complete freeze of assets.[30][31][32] The bank was also disconnected from the SWIFT interbank payment system. Included in the sanctions list of Singapore.[33]

Organisation edit

Chairman of VEB.RF is Igor Shuvalov (since May 2018).[34] He was first deputy Prime Minister of the Russian Federation from 2008 to 2018. The highest governing body of VEB.RF is the Supervisory Board, it chaired by the Russian Prime Minister.[35]

VEB.RF coordinates development institutions of Russia.[36] It is a Russian state corporation with the goal of supporting and developing the Russian economy. According to a filing pursuant to the Foreign Agents Registration Act, it is not owned, nor directed by the government or political party.[37]

Ex-chairmans of Vnesheconombank: Tomas Alibegov - First Deputy Chairman and acting Chairman (1989–1997), Andrey Kostin (1996–2002),[38] Vladimir Dmitriev (2004–2016),[39] Sergei Gorkov (2016–2018).[40]

See also edit

Notes edit

  1. ^ By law in 2008, the Russian Prime Minister is VEB's chairman of its supervisory board.[9]

References edit

  1. ^ a b "ВЭБ в 2020 г. получил 8,4 млрд руб. прибыли по МСФО против убытка годом ранее". from the original on 2021-03-29. Retrieved 2021-03-29.
  2. ^ VEB.RF Group IFRS 2020 Result
  3. ^ a b c [VEB // About the Bank // History]. old.veb.ru (in Russian). May 2012. Archived from the original on 11 May 2012. Retrieved 8 April 2022.
  4. ^ a b c "History". Vnesheconombank. from the original on 31 May 2017. Retrieved 3 June 2017.
  5. ^ Наталья, Морарь (Morar, Natalia) (10 December 2007). "«ЧЕРНАЯ КАССА» КРЕМЛЯ" [THE KREMLIN'S BLACK CASH REGISTER]. The New Times (in Russian). Retrieved 13 September 2022. «У Внешэкономбанка нет лицензии ЦБ на банковскую деятельность. Она ему и не нужна, поскольку никаких коммерческих операций он не проводит, — говорит бывший глава Банка России. — В связи с отсутствием лицензии это единственный российский банк, который Центробанк не проверяет — не имеет права».{{cite news}}: CS1 maint: multiple names: authors list (link)
  6. ^ (PDF). Archived from the original (PDF) on 2010-12-01. Retrieved 2008-01-24.
  7. ^ "VEB Profile". VEB. from the original on 1 November 2014. Retrieved 29 November 2014.
  8. ^ "Law on bank for development" 2008-02-25 at the Wayback Machine, VEB
  9. ^ a b c d e f Protess, Ben; Kramer, Andrew E.; McIntire, Mike (5 June 2017). "Bank at Center of U.S. Inquiry Projects Russian 'Soft Power'". The New York Times. p. A1. from the original on 5 June 2017. Retrieved 5 June 2017.
  10. ^ a b c Hobson, Peter (3 March 2016). "How Putin's Bank Became Russia's $20 Billion Problem". The Moscow Times. from the original on 1 July 2018. Retrieved 6 October 2018.
  11. ^ U.S. Department of Treasury. "Announcement of Treasury Sanctions on Entities Within the Financial Services and Energy Sectors of Russia, Against Arms or Related Materiel Entities, and those Undermining Ukraine's Sovereignty" 2017-02-08 at the Wayback Machine 16 July 2014.
  12. ^ "How bad is it really at Russia's VEB?". bne IntelliNews. from the original on 13 April 2017. Retrieved 12 April 2017.
  13. ^ "Russia's VEB chairman sees difficulties redeeming debt in 2017". Reuters. 10 November 2016. from the original on 13 April 2017. Retrieved 12 April 2017.
  14. ^ "Announcement of Treasury Sanctions on Entities Within the Financial Services and Energy Sectors of Russia, Against Arms or Related Materiel Entities, and those Undermining Ukraine's Sovereignty". United States Department of the Treasury. 16 July 2014. from the original on 19 May 2020. Retrieved 3 June 2017.
  15. ^ Voronova, Tatiana (19 December 2017). "Russia's VEB to transfer Globex to the state as it tackles Sochi..." Reuters. from the original on 6 October 2018. Retrieved 6 October 2018.
  16. ^ Kottasova, Ivana (30 March 2016). "The latest Russian bank bailout is not like all the rest". CNNMoney. from the original on 2 June 2017. Retrieved 27 June 2017.
  17. ^ "Kushner meeting shines spotlight on Russian bank". Financial Times. from the original on 25 June 2017. Retrieved 27 June 2017.
  18. ^ a b Ukraine blocks sale of subsidiaries of Russia's Sberbank, VEB – media 2017-08-02 at the Wayback Machine, UNIAN (29 July 2017)
  19. ^ Пороше́нко, Петро́ Олексі́йович (March 15, 2017). "УКАЗ ПРЕЗИДЕНТА УКРАЇНИ №63/2017: Про рішення Ради національної безпеки і оборони України від 15 березня 2017 року Про застосування персональних спеціальних економічних та інших обмежувальних заходів (санкцій)"" [DECREE OF THE PRESIDENT OF UKRAINE No. 63/2017: On the decision of the Council of National Security and Defense of Ukraine dated March 15, 2017 "On the Application of Personal Special Economic and Other Restrictive Measures (Sanctions)"]. President of Ukraine website (in Ukrainian). from the original on March 1, 2018. Retrieved February 28, 2018.
  20. ^ Пороше́нко, Петро́ Олексі́йович (March 16, 2017). "Глава держави затвердив санкції щодо низки російських банків" [The head of state has approved sanctions against a number of Russian banks]. President of Ukraine website (in Ukrainian). from the original on March 8, 2018. Retrieved February 28, 2018.
  21. ^ Talant, Bermet (20 February 2018). "Russian state banks leaving Ukraine because of sanctions, attacks by nationalists". Kyiv Post. from the original on 23 February 2022. Retrieved 26 February 2018.
  22. ^ a b Pismennaya, Evgenia (3 July 2018). "Putin's Sanctions-Hit VEB Is Said to Plan Appeal for $16 Billion". Bloomberg. from the original on 6 October 2018. Retrieved 6 October 2018.
  23. ^ "Russia's Vnesheconombank revamped into VEB.RF, to get up to $22bn support". BNE Intellinews. 31 October 2018. from the original on 1 November 2018. Retrieved 31 October 2018.
  24. ^ "Чистая прибыль ВЭБа по РСБУ в 2018 г - 3,85 млрд руб после убытка годом ранее". ПРАЙМ (in Russian). 15 May 2019. from the original on 26 May 2019. Retrieved 9 August 2019.
  25. ^ "Чистая прибыль группы ВЭБ.РФ за первый квартал составила 17,6 млрд рублей". ТАСС. from the original on 2019-08-09. Retrieved 2019-08-09.
  26. ^ Ведомости (2019-06-10). "Как Шувалов за год изменил ВЭБ". Ведомости. from the original on 2019-08-09. Retrieved 2019-08-09.
  27. ^ ""Акрон" привлек $1,7 млрд на свой крупнейший калийный проект". РБК. 6 June 2019. from the original on 2019-08-29. Retrieved 2019-08-09.
  28. ^ "CONSOLIDATED LIST OF FINANCIAL SANCTIONS TARGETS IN THE UK" (PDF). 6 April 2022.
  29. ^ "Russia Sanctions Regulations 2022". Retrieved 11 February 2023.
  30. ^ "Что значат санкции США против ВЭБа — главного института развития в России". РБК (in Russian). 23 February 2022. Retrieved 2022-07-12.
  31. ^ "Remarks by President Biden Announcing Response to Russian Actions in Ukraine". The White House. 2022-02-22. from the original on 2022-02-23. Retrieved 2022-02-22.
  32. ^ "U.S. Treasury Imposes Immediate Economic Costs in Response to Actions in the Donetsk and Luhansk Regions". U.S. Department of the Treasury. from the original on 2022-02-23. Retrieved 2022-02-23.
  33. ^ "Сингапур ввел санкции в отношении банков ВТБ, "Россия", Промсвязьбанк и ВЭБ.РФ - ТАСС". tass.ru. Retrieved 2022-07-12.
  34. ^ "Igor Shuvalov appointed Vnesheconombank Chairman". President of Russia. 24 May 2018. from the original on 2019-08-14. Retrieved 2019-08-07.
  35. ^ "About us". veb.ru. from the original on 2019-08-05. Retrieved 2019-08-07.
  36. ^ "Business networking area partners". forumvostok.ru. Retrieved 2019-08-07.
  37. ^ "Exhibit A to Registration Statement Washington" (PDF). (PDF) from the original on 2019-08-07. Retrieved 2019-08-07.
  38. ^ Lia. "ANDREY KOSTIN". www.finnews.am. from the original on 2019-08-07. Retrieved 2019-08-07.
  39. ^ "Sergei Gorkov appointed to chair board at Vnesheconombank". Банки.ру. from the original on 2020-05-26. Retrieved 2019-08-07.
  40. ^ "President of Russia". en.special.kremlin.ru. from the original on 2019-08-07. Retrieved 2019-08-07.

External links edit

  • Official homepage

55°46′19.03″N 37°38′41.27″E / 55.7719528°N 37.6447972°E / 55.7719528; 37.6447972

January 01, 1970
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This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article contains content that is written like an advertisement Please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view July 2022 Learn how and when to remove this message You can help expand this article with text translated from the corresponding article in Russian October 2019 Click show for important translation instructions View a machine translated version of the Russian article Machine translation like DeepL or Google Translate is a useful starting point for translations but translators must revise errors as necessary and confirm that the translation is accurate rather than simply copy pasting machine translated text into the English Wikipedia Consider adding a topic to this template there are already 1 217 articles in the main category and specifying topic will aid in categorization Do not translate text that appears unreliable or low quality If possible verify the text with references provided in the foreign language article You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation A model attribution edit summary is Content in this edit is translated from the existing Russian Wikipedia article at ru VEB RF see its history for attribution You may also add the template Translated ru VEB RF to the talk page For more guidance see Wikipedia Translation This article may be a rough translation from Russian It may have been generated in whole or in part by a computer or by a translator without dual proficiency Please help to enhance the translation The original article is under russkij in the languages list See this article s entry on Pages needing translation into English for discussion July 2022 Learn how and when to remove this message VEB RF or VEB Russian VEB RF formerly Vnesheconombank is a Russian state development corporation and investment company It was founded in 2007 as a development institute It has financed more than 300 projects citation needed VEB RFNative nameVEB RFFormerlyVnesheconombank VEBCompany typeDevelopment corporationIndustryInvestmentFounded1922 as bank 2007 as development institute HeadquartersMoscow RussiaKey peopleIgor Shuvalov chairman BrandsVEB RF VEBNet income 8 4 bn 1 2020 Total assets 3 406 bn 1 2020 Total equity 689 bn 2 2020 Websiteveb wbr ru wbr en Contents 1 History 1 1 Vneshtorgbank Foreign Trade Bank of the USSR 1922 1988 1 2 Vnesheconombank Foreign Economic Affairs Bank of the USSR 1 3 Bank of Development 2007 2018 1 4 State Development Corporation from 2018 2 Sanctions 3 Organisation 4 See also 5 Notes 6 References 7 External linksHistory editVneshtorgbank Foreign Trade Bank of the USSR 1922 1988 edit 18 August 1922 Swedish financier Olof Aschberg established the Soviet Union s first international bank Roskombank Roskombank Russian Commercial Bank and its charter was approved by a Decree of the Council of Labor and Defense on 19 October 1922 3 7 April 1924 the bank was renamed Vneshtorgbank Vneshtorgbank Vneshtorgbank of the USSR or Foreign Trade Bank of the USSR a joint stock bank 3 Vnesheconombank Foreign Economic Affairs Bank of the USSR edit In 1988 it was renamed Vnesheconombank of the USSR Bank for Foreign Economic Affairs of the USSR 4 17 December 1991 Vnesheconombank accounts were frozen because of lack of funds 3 For approximately seven years during the 1990s the Kremlin s obshchak obshak or black cash was stored in the vaults of Vnesheconombank VEB because Viktor Gerashchenko stated that in 1992 VEB became an agency for the return of the state debt of the USSR due to a decree by the Supreme Soviet Vnesheconombank does not have a central banking license It does not need it since it does not conduct any commercial operations He also added Due to the lack of a license this is the only Russian bank that the Central Bank does not check it does not have the right 5 In 2002 Vnesheconombank was restructured and it claims to have stepped up its efforts in servicing government programs and reduced the scope of its commercial business and gave a higher priority to supporting the government s structural reforms 4 In April 2002 VEB was appointed Vnesheconombank agent for investing temporarily free Pension Fund s assets in securities denominated in foreign currency and in January 2003 a special structural subdivision to handle pension funds was formed VEB was appointed the State Trust Management Company responsible for investing Russia s pension funds 4 From 2005 to 2006 both the assets and liabilities of the bank doubled from around 6 billion to 12 billion and the income rose from 239 million to 301 million 6 Bank of Development 2007 2018 edit In April 2007 Russia s State Duma passed the federal law On Bank for Development which regulated VEB s legal conditions and made it a state development bank 7 8 Vladimir Putin increased lending when he became the VEB s chairman of its supervisory board in 2008 9 a By late 2009 VEB quadrupled its assets to nearly 2 trillion rubles 65 billion 10 it was seen by the government as an off budget fund used to put off budget expenses 10 In July 2014 the United States Department of the Treasury imposed economic sanctions that greatly restricted U S persons and entities from providing doing business with VEB after the 2014 pro Russian unrest in Ukraine 11 Between 2014 and 2017 the Russian Ministry of Finance spent 10 billion on the bank 9 VEB has suffered massive losses in 2014 2015 leading to a 330 billion rubles government bailout in 2015 12 followed by 150 billion rubles in 2016 and a similar amount planned for 2017 13 14 VEB was the main lender for the 2014 Winter Olympics and many of the loans originating from the games missed original returns forecasts or had to be restructured 15 In March 2016 the bank was promised a 2 2 billion bailout from the Russian government 16 Sergey Gorkov a former senior executive at Sberbank was appointed to lead VEB and come up with a turnaround strategy which included the sale of non core assets 17 The government originally offered the position to German Gref who turned down the job 10 In March 2017 Ukraine imposed sanctions on Vnesheconombank and other Russian state owned banks operating in Ukraine Sberbank VTB Bank VS Bank Prominvestbank and BM Bank as part of its continued sanctions on Russia for its annexation of Crimea and involvement in the War in Donbass 18 19 20 After that the bank tried to sell its Ukrainian subsidiary as of August 2017 update unsuccessfully 18 At Sochi in February 2018 Vnesheconombank s Sergey Gorkov said they hoped to sell its Ukrainian subsidiary Prominvestbank by May 2018 21 In 2017 the bank s debt was 17 billion including 14 2 billion in Ukraine 9 In January 2017 Gorkov released the bank s Strategy 2021 which predicted relief from sanctions resuming borrowing in the United States and shifting risks to the government s budget 9 According to a report the New York Times published in May 2017 40 of the bank s loans were at risk of default 9 State Development Corporation from 2018 edit In May 2018 Igor Shuvalov replaced Gorkov as VEB s new chairman 22 In July 2018 the bank requested a further 16 billion bailout from the Russian government 22 In October 2018 the bank announced plans to rebrand changing its denomination into National Development Institute and confirming it would be granted 600 billion rubles 9 1 billion in subsidies from the federal budget by 2024 in addition to the 125 billion rubles received in 2018 23 The net profit for the 2018 amounted to 3 85 billion rubles after a loss to 200 4 billion rubles a year earlier 24 The net profit for the first quarter of 2019 17 6 billion rubles 25 In 2019 after a long period when VEB RF instead of financing new projects was engaged in servicing distressed assets new investment projects appeared in the portfolio of the state corporation In the framework of VEB RF went into the development of the Udokan s copper deposit 490 million the production of sulfuric acid at the KuibyshevAzot and capacity expansion of Shchekinoazot for the production of methanol the total participation of the corporation 8 5 billion 26 VEB RF started financing the project of construction of six large tonnage vessels at the Zvezda super shipyard near Vladivostok Also VEB RF Gazprombank and Sberbank announced the funding of the development of the Talitsky area of the Verkhnekamsk potash deposit in Perm 27 VEB RF and Sberbank will provide a syndicated loan for the modernization of Novaport group s regional airports in six cities of Russia and together with Rockwell Capital will build the largest pulp and paper mill in Siberia Sanctions editSanctioned by the United Kingdom from 1 August 2014 in relation to Russia s activities in Crimea 28 Sanctioned by New Zealand in relation to the 2022 Russian invasion of Ukraine 29 In February 2022 due to Russia s invasion of Ukraine together with its subsidiaries it was included in the US sanctions list SDN which provides for the maximum possible restrictions and a complete freeze of assets 30 31 32 The bank was also disconnected from the SWIFT interbank payment system Included in the sanctions list of Singapore 33 Organisation editChairman of VEB RF is Igor Shuvalov since May 2018 34 He was first deputy Prime Minister of the Russian Federation from 2008 to 2018 The highest governing body of VEB RF is the Supervisory Board it chaired by the Russian Prime Minister 35 VEB RF coordinates development institutions of Russia 36 It is a Russian state corporation with the goal of supporting and developing the Russian economy According to a filing pursuant to the Foreign Agents Registration Act it is not owned nor directed by the government or political party 37 Ex chairmans of Vnesheconombank Tomas Alibegov First Deputy Chairman and acting Chairman 1989 1997 Andrey Kostin 1996 2002 38 Vladimir Dmitriev 2004 2016 39 Sergei Gorkov 2016 2018 40 See also edit nbsp Banks portal nbsp Russia portal EXIARNotes edit By law in 2008 the Russian Prime Minister is VEB s chairman of its supervisory board 9 References edit a b VEB v 2020 g poluchil 8 4 mlrd rub pribyli po MSFO protiv ubytka godom ranee Archived from the original on 2021 03 29 Retrieved 2021 03 29 VEB RF Group IFRS 2020 Result a b c VEB O Banke Istoriya VEB About the Bank History old veb ru in Russian May 2012 Archived from the original on 11 May 2012 Retrieved 8 April 2022 a b c History Vnesheconombank Archived from the original on 31 May 2017 Retrieved 3 June 2017 Natalya Morar Morar Natalia 10 December 2007 ChERNAYa KASSA KREMLYa THE KREMLIN S BLACK CASH REGISTER The New Times in Russian Retrieved 13 September 2022 U Vneshekonombanka net licenzii CB na bankovskuyu deyatelnost Ona emu i ne nuzhna poskolku nikakih kommercheskih operacij on ne provodit govorit byvshij glava Banka Rossii V svyazi s otsutstviem licenzii eto edinstvennyj rossijskij bank kotoryj Centrobank ne proveryaet ne imeet prava a href Template Cite news html title Template Cite news cite news a CS1 maint multiple names authors list link VEB Annual Report 2006 PDF Archived from the original PDF on 2010 12 01 Retrieved 2008 01 24 VEB Profile VEB Archived from the original on 1 November 2014 Retrieved 29 November 2014 Law on bank for development Archived 2008 02 25 at the Wayback Machine VEB a b c d e f Protess Ben Kramer Andrew E McIntire Mike 5 June 2017 Bank at Center of U S Inquiry Projects Russian Soft Power The New York Times p A1 Archived from the original on 5 June 2017 Retrieved 5 June 2017 a b c Hobson Peter 3 March 2016 How Putin s Bank Became Russia s 20 Billion Problem The Moscow Times Archived from the original on 1 July 2018 Retrieved 6 October 2018 U S Department of Treasury Announcement of Treasury Sanctions on Entities Within the Financial Services and Energy Sectors of Russia Against Arms or Related Materiel Entities and those Undermining Ukraine s Sovereignty Archived 2017 02 08 at the Wayback Machine 16 July 2014 How bad is it really at Russia s VEB bne IntelliNews Archived from the original on 13 April 2017 Retrieved 12 April 2017 Russia s VEB chairman sees difficulties redeeming debt in 2017 Reuters 10 November 2016 Archived from the original on 13 April 2017 Retrieved 12 April 2017 Announcement of Treasury Sanctions on Entities Within the Financial Services and Energy Sectors of Russia Against Arms or Related Materiel Entities and those Undermining Ukraine s Sovereignty United States Department of the Treasury 16 July 2014 Archived from the original on 19 May 2020 Retrieved 3 June 2017 Voronova Tatiana 19 December 2017 Russia s VEB to transfer Globex to the state as it tackles Sochi Reuters Archived from the original on 6 October 2018 Retrieved 6 October 2018 Kottasova Ivana 30 March 2016 The latest Russian bank bailout is not like all the rest CNNMoney Archived from the original on 2 June 2017 Retrieved 27 June 2017 Kushner meeting shines spotlight on Russian bank Financial Times Archived from the original on 25 June 2017 Retrieved 27 June 2017 a b Ukraine blocks sale of subsidiaries of Russia s Sberbank VEB media Archived 2017 08 02 at the Wayback Machine UNIAN 29 July 2017 Poroshe nko Petro Oleksi jovich March 15 2017 UKAZ PREZIDENTA UKRAYiNI 63 2017 Pro rishennya Radi nacionalnoyi bezpeki i oboroni Ukrayini vid 15 bereznya 2017 roku Pro zastosuvannya personalnih specialnih ekonomichnih ta inshih obmezhuvalnih zahodiv sankcij DECREE OF THE PRESIDENT OF UKRAINE No 63 2017 On the decision of the Council of National Security and Defense of Ukraine dated March 15 2017 On the Application of Personal Special Economic and Other Restrictive Measures Sanctions President of Ukraine website in Ukrainian Archived from the original on March 1 2018 Retrieved February 28 2018 Poroshe nko Petro Oleksi jovich March 16 2017 Glava derzhavi zatverdiv sankciyi shodo nizki rosijskih bankiv The head of state has approved sanctions against a number of Russian banks President of Ukraine website in Ukrainian Archived from the original on March 8 2018 Retrieved February 28 2018 Talant Bermet 20 February 2018 Russian state banks leaving Ukraine because of sanctions attacks by nationalists Kyiv Post Archived from the original on 23 February 2022 Retrieved 26 February 2018 a b Pismennaya Evgenia 3 July 2018 Putin s Sanctions Hit VEB Is Said to Plan Appeal for 16 Billion Bloomberg Archived from the original on 6 October 2018 Retrieved 6 October 2018 Russia s Vnesheconombank revamped into VEB RF to get up to 22bn support BNE Intellinews 31 October 2018 Archived from the original on 1 November 2018 Retrieved 31 October 2018 Chistaya pribyl VEBa po RSBU v 2018 g 3 85 mlrd rub posle ubytka godom ranee PRAJM in Russian 15 May 2019 Archived from the original on 26 May 2019 Retrieved 9 August 2019 Chistaya pribyl gruppy VEB RF za pervyj kvartal sostavila 17 6 mlrd rublej TASS Archived from the original on 2019 08 09 Retrieved 2019 08 09 Vedomosti 2019 06 10 Kak Shuvalov za god izmenil VEB Vedomosti Archived from the original on 2019 08 09 Retrieved 2019 08 09 Akron privlek 1 7 mlrd na svoj krupnejshij kalijnyj proekt RBK 6 June 2019 Archived from the original on 2019 08 29 Retrieved 2019 08 09 CONSOLIDATED LIST OF FINANCIAL SANCTIONS TARGETS IN THE UK PDF 6 April 2022 Russia Sanctions Regulations 2022 Retrieved 11 February 2023 Chto znachat sankcii SShA protiv VEBa glavnogo instituta razvitiya v Rossii RBK in Russian 23 February 2022 Retrieved 2022 07 12 Remarks by President Biden Announcing Response to Russian Actions in Ukraine The White House 2022 02 22 Archived from the original on 2022 02 23 Retrieved 2022 02 22 U S Treasury Imposes Immediate Economic Costs in Response to Actions in the Donetsk and Luhansk Regions U S Department of the Treasury Archived from the original on 2022 02 23 Retrieved 2022 02 23 Singapur vvel sankcii v otnoshenii bankov VTB Rossiya Promsvyazbank i VEB RF TASS tass ru Retrieved 2022 07 12 Igor Shuvalov appointed Vnesheconombank Chairman President of Russia 24 May 2018 Archived from the original on 2019 08 14 Retrieved 2019 08 07 About us veb ru Archived from the original on 2019 08 05 Retrieved 2019 08 07 Business networking area partners forumvostok ru Retrieved 2019 08 07 Exhibit A to Registration Statement Washington PDF Archived PDF from the original on 2019 08 07 Retrieved 2019 08 07 Lia ANDREY KOSTIN www finnews am Archived from the original on 2019 08 07 Retrieved 2019 08 07 Sergei Gorkov appointed to chair board at Vnesheconombank Banki ru Archived from the original on 2020 05 26 Retrieved 2019 08 07 President of Russia en special kremlin ru Archived from the original on 2019 08 07 Retrieved 2019 08 07 External links editOfficial homepage VEB history website Financial information 55 46 19 03 N 37 38 41 27 E 55 7719528 N 37 6447972 E 55 7719528 37 6447972 Retrieved from https en wikipedia org w index php title VEB RF amp oldid 1195590036 Vnesheconombank Foreign Economic Affairs Bank of the USSR, wikipedia, wiki, book, books, library,

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