Medvedev will hold a meeting on economic issues and the meeting of the Supervisory Board of VEB


MOSCOW, December 22. Prime Minister Dmitry Medvedev will hold on Tuesday a meeting on the sustainable development of economy and social stability in 2015, as well as the development of individual sectors of the economy in 2016. According to the press service of the government.

The meeting will be attended by Deputy Prime Minister Arkady Dvorkovich, presidential aide Andrei Belousov, Minister of economic development Alexei Ulyukayev, Finance Minister Anton Siluanov, Minister of construction and housing and utilities Mikhail Men, Minister of agriculture Alexander Tkachev, the Chairman of the Central Bank Elvira Nabiullina.

Then the Prime Minister will hold a meeting of Vnesheconombank’s Supervisory Board, whose members will discuss the results of the Bank in the current year, as well as issues related to the activities of the structures of the Bank.

The meeting will be attended by first Deputy Prime Minister Igor Shuvalov, Deputy Prime Ministers Arkady Dvorkovich, Dmitry Kozak, Alexander Khloponin, presidential aide Andrei Belousov, Minister of economic development Alexei Ulyukayev, Finance Minister Anton Siluanov and the head of Vnesheconombank Vladimir Dmitriev.

Earlier some media reported that at the meeting of the Supervisory Board on 22 December to discuss the issue of capitalization of the Bank.

The political decision to support the state Corporation has already been made, the state must in the near future to determine the form of support. Help options are under active discussion with financial authorities and representatives of the Bank.

VEB for the second year shows a loss. The loss of Vnesheconombank group in 2014, according to international standards amounted to 250 billion rubles In the first half of 2015, the loss of the Corporation amounted to 73.5 billion rubles, the Bank’s Assets for the first half of this year amounted to 3.85 trillion rubles.

The Minister of Finance of the Russian Federation Anton Siluanov declared earlier that VEB is likely to be provided with the necessary support from the budget, while the budget deficit in 2016 will not exceed 3% with the exception of expenditure on financial assistance of the Corporation.

According to first Deputy Prime Minister Igor Shuvalov on December 9, funds for the recapitalization of Vnesheconombank, will not be counted in the limit of the budget deficit for 2016 3% of GDP.