VEB’s Supervisory Board at the meeting will consider the economic justification for further work of the Bank


MOSCOW, 6 February. Prime Minister Dmitry Medvedev instructed to the nearest meeting of VEB’s Supervisory Board to prepare financial feasibility study of further operation of the Bank, including the final proposals for its financial recovery. This was announced by Deputy Prime Minister Alexander Khloponin.

“I think that at the next Council (to be considered the final circuit of the bailout VEB – approx. ed). There is an order of the Chairman of the Supervisory Board (the Supervisory Council headed by the Prime Minister Dmitry Medvedev – approx. ed) prepare all materials, including financial and economic feasibility of further operation,” said Deputy Prime Minister.

However Khloponin, who is a member of the Supervisory Board of the Bank, found it difficult to name the date of its next meeting.

At the previous meeting of VEB’s Supervisory Board on 4 February a decision on the options for financial support of the Bank were made, informed earlier a press-the Secretary of Prime Minister Natalia Timakova.

According to Finance Minister Anton Siluanov, the question of financial recovery for VEB can be considered in late February-early March.

As we reported earlier, a source familiar with the situation, in particular, consider the option associated with providing support to VEB in the amount of about 200 billion rubles.