Specific measures to support VEB will be presented in a week

Moscow. December 22. Specific proposals for government support of Vnesheconombank will be presented next week, told reporters the head of the Bank Vladimir Dmitriev.

“Specific proposals on measures of state support will be offered to the management bodies of Vnesheconombank through the week,” he said, noting that those responsible for these proposals is the Ministry of Finance and the head of the Ministry Anton Siluanov.

“The direction that he (Eric holder) announced, are a priority in the agenda of our working group,” said Dmitriev, stressing that the proposals will cover support system on the web.

“This is about systematic support of VEB related to issues with liquidity, the fulfillment of all obligations to external and domestic creditors, the implementation of the projects in which VEB is responsible, and the funding of new projects, including funds from the national welfare Fund, worth about 300 billion rubles”, – he said.

Previously Siluanov said that part of the state budget funds in support of Vnesheconombank, is only possible after the exhaust repayment of its obligations from the funds from the sale of assets.

“Our proposal is not to issue the full amount (to release for OFZ recapitalization of VEB). A total of approximately 1.7% of GDP – may increase the deficit (the Federal budget) and debt, we do not need it. You must first use the resources of the VEB within the framework of realization of its assets that have been accumulated. If the web through sale of its assets will not be able to repay the obligation, the Federal budget will shoulder and will come to his aid. In this format, we are ready to provide support for VEB. But not the right to issue this amount of debt and to invest in the capital,” he said.