Putin signed a decree on the appointment of Shuvalov, the head of VEB

MOSCOW, may 24. /TASS/. Russian President Vladimir Putin signed a decree appointing former first Deputy Prime Minister Igor Shuvalov, the Chairman of Vnesheconombank. This was reported by the press service of the Kremlin.

“To appoint Mr. Igor Shuvalov, the Chairman of state Corporation “Bank for development and foreign economic Affairs (Vnesheconombank)”. This Decree shall enter into force from the day of its signing”, – the document says.

Earlier Thursday, the President held a meeting with Shuvalov in Strelna, where he offered him to head the Bank.

Prior to that, from February 2016, the Chairman of Vnesheconombank Sergey Gorkov.


“Bank for development and foreign economic Affairs” (Vnesheconombank, VEB) – state Corporation for development, the main direction of its activities – the financing of large investment projects. The banking license has not. The Chairman of VEB’s Supervisory Board is Prime Minister Dmitry Medvedev. By 1 January 2018 VNESHECONOMBANK participated in financing 198 investment projects with a total value of 4.9 trillion rubles, the share of VNESHECONOMBANK amounted to 2.3 trillion rubles.

In 2014 against EBV and other major Russian state-owned corporations in connection with the situation in Ukraine was introduced sectoral sanctions of the USA, Canada, EU, Switzerland and Japan. They include a ban on medium – and long-term lending, operations with new issues of securities.