The government will spend on additional capitalization of VEB 150 billion rubles. – RBC

at the building view of Vnesheconombank

Photo: Bloomberg

The government will allocate the support of Vnesheconombank 150 billion rubles. Stating this decision, Prime Minister Dmitry Medvedev at the same time reminded about the need to restructure the “bad” debts and assets VEB

The Russian government has decided to allocate to the capitalization of Vnesheconombank (VEB) in 2016 150 billion rubles., Said at a . meeting of the Supervisory Board, Prime Minister Dmitry Medvedev

«This money will allow in 2016 to ensure the financial stability of the bank, to fulfill the bank obligations on external borrowings in the capital markets”, – Medvedev said (quoted by Tass) explaining that decision was made in the framework of an overall action plan to ensure sustainable socio-economic development in the current year.

on the eve of “Vedomosti”, with reference to its sources reported that the government allocated 150 billion rubles. already included in the financial plan of VEB in 2016.

The head of government noted that, lost due to the introduction of the USA and other countries of sanctions access to external capital markets, VEB in difficult conditions drained “safety margin”.

«The current action plan, which was developed in 2014, largely lost its relevance for various reasons, including because of the deteriorating external economic environment. Who needs accurate and at the same time, non-standard measures “, – said Medvedev

The head of government assured that the VEB will remain a development institution and as such will continue to participate in the financing of major projects. . industry, agriculture, transport and energy

«in this sense, the targets for the bank remain the same,” – said Medvedev, adding that, if necessary, the authorities can “something changed” in the legislation <. / p>

on the eve of the State Duma a draft law on the transformation of controlled VEB is now the Russian direct investment Fund (RDIF) was introduced into a separate company, the sole shareholder of which will be the state. The explanatory note to the document notes that the new law will help the development of “tools of state stimulation of foreign and Russian investments” in the result of the acquisition RDIF ‘respective status “.