Chairman, state corporation “bank for development and foreign economic affairs (vnesheconombank)”
Born on August 25, 1953 in Moscow. EDUCATION In 1975, graduated from the Moscow Finance Institute, specialty “International Economic Relations”. PROFESSIONAL ACTIVITIES 1975 – 1979 State Committee of USSR Council of Ministers for Foreign Economic Relations, Engineer. 1979 – 1986 USSR Foreign Ministry Department, Attache, third secretary. 1986 – 1987 Institute of World Economics and International Relations, USSR Academy of Sciences, Research worker. 1987 – 1992 USSR Embassy of USSR Ministry for Foreign Affairs, Second, First Secretary. 1992 – 1993 Russian Embassy of Russian Ministry for Foreign Affairs, First Secretary. 1993 – 1997 Deputy Chief Executive Officer, Russian Finance Ministry Department. 1997 – 2002 Bank for Foreign Economic Affairs of the USSR, First Deputy Chairman. 2002 – 2004 Bank for Foreign Trade of the USSR (OJSC), Deputy President – Chairman of the Board. 2004 – 2007 Bank for Foreign Economic Affairs of the USSR, Chairman. From June 2007 State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”, Chairman. For outstanding contribution to the development of the financial and banking system of Russia, longstanding and dedicated work he was awarded the Order of Alexander Nevsky, the Order “For Merits and Dedicated Service to the Country”, IV Degree, the Order of Honor, the Order of Saint Sergiy Radonezh-sky, II Degree, the Order of Blessed Prince Daniil Moskovsky, II Degree, the Medal of the Order “For the Merits and Dedicated Service to the Country”, the Order of the Banner of the Republic of Serbia with Golden Wreath, the Order of Merit of the Italian Republic, Grand Officer Grade, the Russian Association of Banks Decoration of Honor “For Merits and Dedicated Service to the Banking Community”.
VNESHECONOMBANK PROFILE The legal status and activity of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’s is governed by the Federal Law “On the Bank for Development” (№82 FZ, adopted on May 17, 2007) Vnesheconombank operates to diversify the Russian economy, boost its competitive edge and encourage investment activity. The Bank for Development is responsible for providing investment, foreign economic, insurance and consultative support for projects in Russia and abroad aimed at developing infrastructure, innovations, special economic zones, environment protection, providing support for exports of Russian products, works and services as well as supporting small and medium-sized enterprises. Main principles of Vnesheconombank’s activity: − lack of competition with commercial financial institutions; − break-even operation; − giving preference to public private partnership projects; − environmental responsibility. Sectoral priorities of Vnesheconombank’s investment activity: − aircraft construction and rocket and space complex; − shipbuilding; − electronic industry; − atomic industry including nuclear power engineering; − transport, special and power mechanical engineering; − smelting industry (manufacturing of special steels); − timber processing industry; − defense industrial complex; − agro-industrial complex; − strategic computer technologies and software; − information and communications systems; − medical equipment and pharmaceutics. Chairman of Vnesheconombank’s Supervisory Board is Russian Prime Minister Dmitry Medvedev. Under Vnesheconombank’s Strategy approved by the Bank’s Supervisory Board Vnesheconombank’s loan portfolio is to increase to 850 billion rubles by 2015 and the proportion of innovation projects in it is to increase to 20% and a total amount of VEB’s support for the Russian economy is to amount to 2 trillion rubles or 2.4% of GDP. For further information please visit http://www.veb.ru/en/about/