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VEB.RF, or VEB (Russian: ВЭБ.РФ, formerly Vnesheconombank), is a Russian state development corporation and investment company. It was founded in 2007 as a development institute. It has financed more than 300 projects.
Jul 14, 2021 · President Vladimir Putin discussed VEB's strategy and projects with its chairman Igor Shuvalov on July 14, 2021. VEB is a state development agency that supports national projects and improves people's standard of living.
Feb 22, 2022 · VEB occupies a unique role in Russia’s financial system as the servicer of Russia’s sovereign debt, financier for exports, and a funding source for investment projects with a loan portfolio of over $20 billion.
Aug 23, 2022 · Chairman of the State Development Corporation VEB.RF Igor Shuvalov informed the President about the priority areas of the bank’s operations amidst the external sanction pressure.
Jul 26, 2021 · S&P Global Ratings affirms the long- and short-term foreign and local currency ratings of Russian state-owned development corporation VEB.RF (VEB) at 'BBB-/A-3' and 'BBB/A-2', respectively, with a stable outlook. The ratings reflect VEB's critical role, integral link, and almost certain likelihood of receiving extraordinary support from the Russian government.
Mar 16, 2021 · VEB.RF is the major development bank in Russia with a policy role in economic development and a high level of state support. Fitch Ratings assigns VEB.RF a long-term issuer default rating of 'BBB-' and a stable outlook, reflecting its policy-driven financing and state control.
May 7, 2020 · Yuri Korsun, deputy chairman of Russian development institution VEB.RF, talks to Joy Macknight about its project finance factory, the impact of sanctions and the bank’s role in stimulating green finance in Russia.
