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Official website of the President of Russia


is state corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) was established in 2007 on the basis of Vnesheconombank (VEB) and inherited its name. Vnesheconombank is one of the key instruments of government investment policy.

The Bank’s activity is aimed at removing infrastructural restrictions impending economic growth, modernizing and developing non-raw materials economy and knowledge-intensive industries, promoting innovation and exports of high-tech products, implementing projects in special economic zones and projects in environmental protection, and supporting small and medium-sized businesses.

The bank actively participates in the implementation of large investment projects that contribute to developing infrastructure and high-technology sectors in the real sector of Russia’s economy.

Starting from October 2008, Vnesheconombank performs additional functions that include refinancing of debts of Russian banks and companies to foreign creditors, extending subordinated loans, as well as supporting the stock market.

Vnesheconombank’s official website: