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Vnesheconombank (VEB)
Russian Federation


Address: Akademika Sakharova Prospekt, 9, Moscow, 107996, Russia
Phone: +7 (495) 721-18-63
Fax: +7 (495) 721-92-91
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Last modified: 2014-12-01


Company press releases

Main activities:

VEB - The Bank for Development operates to enhance competitiveness of the Russian economy, diversify it and stimulate investment activity.

Vnesheconombank is not a commercial bank, its activity is governed by special Law 82-FZ which came into force on June 4, 2007.

VEB does not compete with commercial credit institutions and participates only in those projects that cannot receive funding from private investors. Under the Memorandum on Financial Policies, Vnesheconombank is to extend credits, guarantees and sureties under projects a payback period of which does not exceed 5 years and a total value is more than 2 billion rubles.

At present, Vnesheconombank Group* has been set up, it is comprised of VEBs subsidiary institutions whose activities are designed to implement various provisions of the Law On the Bank for Development.




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