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Vnesheconombank’s Representatives on Project Committees for National Projects

Chaired by Dmitry Medvedev, the 10 July 2018 meeting of the Presidium of the Presidential Council for Strategic Development and Priority Projects approved the members of the project committees for national projects. Vnesheconombank’s representatives were included in the following committees:

Healthcare: Nikolay Tsekhomskiy, First Deputy Chairman and Member of the Management Board, Vnesheconombank

Workforce Productivity and Employment Support: Alexey Ivanchenko, Deputy Chairman and Member of the Management Board, Vnesheconombank

International Cooperation and Export: Artyom Dovlatov, Deputy Chairman, Vnesheconombank

Small and Medium-Sized Businesses and Individual Entrepreneurial Initiative Support: Marina Romanova, Deputy Chairperson, Vnesheconombank

Education: Svetlana Yachevskaya, Deputy Chairperson and Member of the Management Board, Vnesheconombank

Housing and Urban Environment: Alexander Chebotaryov, Vice-President, Vnesheconombank

Small and Medium-Sized Businesses and Individual Entrepreneurial Initiative Support: Andrey Slepnev, Director General, Russian Export Center

Vnesheconombank’s Deputy Chairman and Member of the Management Board Alexey Ivanchenko said: “The fact that our representatives are on the project committees emphasises once again that Vnesheconombank has an important role in achieving the government’s priorities and reaching the goals outlined in the May presidential decree. We participate not only as a financial institution but also as a highly professional team with broad industry expertise.”

On 23 July the Russian Government approved a new memorandum on financial policies, which will allow Vnesheconombank to transform into an effective investment development institution. Vnesheconombank becomes a key partner of the government to achieve the priorities set out in the May presidential decree.

The principles laid down in the memorandum create the conditions for the Bank’s long-term sustained growth, for its effectiveness in promoting socio-economic development and strengthening technological capabilities and for its support for non-resource exports. The softer selection criteria (with the minimum project value decreased from 2 billion roubles to 1 billion roubles, and the minimum payback period reduced from five years to one year) will allow the Bank to increase the number of potential projects and expand the Bank’s presence in the regions.

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