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VEB.RF coordinates development institutions of Russia. It is a Russian state corporation with the goal of supporting and developing the Russian economy. According to a filing pursuant to the Foreign Agents Registration Act , it is not owned, nor directed by the government or political party .
Jul 14, 2021 · Vladimir Putin had a working meeting with Chairman of the State Development Corporation VEB.RF Igor Shuvalov to discuss the financial organisation’s strategy and projects.
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.
Mar 1, 2022 · The U.S. Department of the Treasury's Office of Foreign Asset Control (OFAC) introduced sanctions against VEB.RF (VEB) and its subsidiaries, including VEB-Leasing, on Feb. 22, 2022, cutting VEB off from the U.S. financial system.
Jul 26, 2021 · On July 26, 2021, S&P Global Ratings affirmed its 'BBB-/A-3' long- and short-term foreign currency issuer credit ratings and its 'BBB/A-2' long- and short-term local currency ratings on Russian state-owned development corporation VEB.RF (VEB).
Under the Federal Law, VEB.RF will provide financial and guarantee support to certain development institutions and otherwise help them meet their obligations, including on paying insurance compensation or insurance sums.
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Apr 12, 2022 · A bill submitted to the lower house of parliament on Tuesday showed that Russian lawmakers proposed appointing VEB or other entities, as per authorities' and courts' decisions, as external...
