Medvedev called VEB “lean” business

“The structure not only Vnesheconombank but also the whole group needs to change: methods and approaches, including methods for the allocation of money,” — said Prime Minister Dmitry Medvedev in his opening remarks before the meeting of VEB’s Supervisory Board on Thursday, June 23. Medvedev is Chairman of the Supervisory Board of Vnesheconombank.

The Supervisory Board will consider the strategy of the Bank. According to Medvedev, is the Foundation document “to consider and adopt it as a basis. “There is reason to consider the document and to be based, because it needs to be continued. I expect that VEB will be able all the necessary work to be done and accepted today strategy to 2021, if we finally agree, will be finalized, and in early September will turn into a finally approved document. The Prime Minister emphasized that during today’s meeting of the Council until the beginning of September for this strategy, adopted as a basis, VEB is supposed to build.

Medvedev said that the work is planned in three directions: support of high-tech industries, infrastructure projects, non-oil exports. The Prime Minister stressed that “the Corporation must be not only a lender, as the moderator of the loans. “It should help businesses to structure transactions and to attract commercial banks, — he explained. — VEB must lend a helping hand where purely market institutions is not enough.”

The Prime Minister added that the Supervisory Board will consider the financial plan of the web for 2016 2017-2018.

Special accent the head of the Council made to support exports and to import substitution policy. “Consider the activities of the Russian export centre (REC) that it was one window to provide credit assistance to customers. The Council today, according to a source in VEB approves the dismissal of Pyotr Fradkov, son of the Director of foreign intelligence Service of Russia Mikhail Fradkov) from the post of Deputy Chairman of VEB. Petr Fradkov will focus on the performance of the functions of the Director General of the Russian export centre — “daughter” of VEB, which will remain in his group. Still Fradkov combined two posts.

Among the issues on the agenda of the Supervisory Board — the fate of the “Olympic” collateral and new appointments. So, the Council will appoint a new head of Prominvestbank (Ukrainian “daughter” of VEB). Lead Prominvestbank, according to a source in VEB, Andrew Horn, former Deputy Chairman of the Ukrainian savings Bank. The Agency “Interfax-Ukraine” reported today about the departure of the Horn of Sberbank.

In the Supervisory Board consists of the Chairman of the government Dmitry Medvedev, first Deputy Prime Minister Igor Shuvalov, Deputy Prime Ministers Arkady Dvorkovich, Dmitry Kozak, Alexander Khloponin, presidential aide Andrei Belousov, Finance Minister Anton Siluanov, economic development Minister Alexei Ulyukayev, Chairman of Vnesheconombank Sergey Gorkov.