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Vnesheconombank investment in Udmurtia amounts to RUB 12 billion

Presenting its new strategy at a strategic session, VEB informed entrepreneurs and government officials about its new priorities, investment process stages, agile teams, expert assessment and project administration principles, and a new regional approach. The event took place in conjunction with the Izhevsk-hosted presentation of the Udmurtia investment capability map.

In his address, Vnesheconombank Deputy Chairman – Member of the Management Board Pyotr Zolotarev pointed out that Vnesheconombank with its RUB 12 billion worth of investment was a key partner of the Udmurt Republic. “Udmurtia has enormous potential, which we would be happy to help unlock. The VEB Group’s new regional approach provides for its support at any given stage of the project life cycle. During our trip, we identified a number of projects that we are ready to consider in the near future,” said Zolotarev.

A team of VEB sectoral business solution block comprises experts with considerable experience in the real economy. According to Zolotarev, Bank professionals arrange working meetings with project initiators and on-site visits. Collaborative work with project initiators aims to identify targeted niches for new products, develop synergy between enterprises and employ the most efficient financial instruments.

The strategic session participants were familiarized with the VEB projects designed to diversify defense industry enterprises for civilian and dual-use production.

Special attention was paid to the VEB new regional model. Its core elements will comprise the institution of certified managers to identify and select potential projects for VEB and support customers at every stage of the investment project. VEB introduced the three regional finalists in the remote and face-to-face selection stages. Acting Director General of the Federal Center for Project Finance (the VEB Group) Vyacheslav Siniugin informed the audience of the financing principles applied to projects at an early preparation stage.


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