The speaker urged not to abandon the recapitalization through OFZ VEB

The speaker urged not to abandon the recapitalization through OFZ VEB


VEB’s additional capitalization through the issuance of Federal bonds, one of the variants of improvement of the Bank discussed with the government. Until she finds understanding in the Ministry of Finance.

BEIJING, 17 Jan. The government should not abandon the idea of VEB recapitalization through the issuance of Federal bonds (OFZs), as the issue of Bank capital has not been solved, said Minister of economic development Alexei Ulyukayev.

“Naturally, they (BFL — ed.) should be discussed,” Ulyukayev said to reporters.

The government of the Russian Federation before Bank support has increased by five years the deadline for placing funds of the national welfare Fund (NWF) deposits in VEB, while reducing interest rates and establishing a grace period for payment of interest for up to three years.

According to the head of the Ministry of economic development, this measure does not solve all problems, VEB, discussion of support options, including the possible issuance of OFZ bonds, continues. “NWF is a solution to the problem of liquidity, and VEB the main problem is the problem of capital,” Ulyukayev said.

The government of the Russian Federation for several months, discussing options for improvement of the Bank. Among them, the scheme with the possibility of recapitalization of Vnesheconombank via the transfer of OFZ bonds in the amount of about 1.5 trillion rubles, which did not find understanding at the Ministry of Finance. There was considered that the most important settlement of external debt of the Corporation.

But another is donation the web assets, and special projects for 1 trillion rubles in the Treasury of the Russian Federation or a special Fund — was supported by most parties.