The speaker: the amount of VEB recapitalization may be less than 1.5 trillion rubles

The speaker: the amount of VEB recapitalization may be less than 1.5 trillion rubles


In the portfolio of VEB is a large number of so-called special projects, which by their nature economically viable, therefore the need for its recapitalization is obvious, said the head of the MAYOR Alexei Ulyukayev.

MANILA (PHILIPPINES), 16 Nov. Discuss the amount of recapitalization of VEB 1.5 trillion rubles can be slightly reduced, but the final amount will be very large, said the head of the MAYOR Alexei Ulyukayev.

“The figure may be revised slightly downwards, but in General it will be very great in any case”, — said the speaker, answering the journalists ‘ question about the possible amount of additional capitalization of VEB.

The newspaper “Kommersant” last week wrote that the government continues to look for ways of financial improvement plans of Vnesheconombank and the recapitalization of the Corporation at 1.5 trillion rubles by transferring her package OFZ.

“The need for additional capitalization of VEB obvious, because in his portfolio is a large number of so-called special projects, which by their nature, economically viable and therefore require large dosoznanie provisions and the deduction from capital, so, of course, you need to capitalize VNESHECONOMBANK”, — said Ulyukayev.

In addition, he added that VNESHECONOMBANK as a development institution provides resources on quite comfortable for the borrowers, and now “exit it is very difficult and there are quite different rates, so it also requires additional funds”. According to the Minister, the Russian authorities have several options recapitalization of the Corporation. “We have not yet reached a final result, we have during the week to Refine the agenda so that you can report to the Prime Minister — who is also the Chairman of the Supervisory Board of VEB,” — said Ulyukayev.

Assistant to the President of the Russian Federation Andrey Belousov earlier on Monday stated that at the moment there is a definite decision on recapitalization of the Corporation, now there is study of detail and the final decision can be made in a week at the level of first Deputy Prime Minister Igor Shuvalov. However, he also noted that the issue of recapitalization of VEB can be accomplished without use of OFZ.