A report published by the Anticorruption Research Center – Transparency International–R on transparency of purchases, their openness and compliance observance in Russian state corporations is interesting and undoubtedly useful for each state-owned company.
As Vnesheconombank participated in the research done it has the right to comment on the content of this material.
Work on posting subdivisions on Vnesheconombank’s official site and filling them with content is to be performed in accordance with the Russian Anti-Corruption Legislation and within the time limits set by it.
Data on incomes, property and property obligations of the state corporation’s top management are posted on the site and are available in the archive.
By law, Vnesheconombank is to post information on purchase activity on the Official Site of State Purchases and till the site was launched (October 1, 2012) information on purchases had been posted on VEB’s site.
Vnesheconombank holds a unique position among Russian state corporations for the reason that it is a bank and a creditor institution.
Participation of the Bank’s representatives in profit-making organizations’ governing and control bodies is to be approved by Vnesheconombank’s Supervisory Board and is to be carried out either on the Russian Government’s instructions (to represent the state’s interests) or to make arrangements for exercising control over spending monetary funds bankrolled by the Bank for Development to finance investment projects.
Vnesheconombank set up a Code of Official Conduct and Conflict of Interests Settlement Commission which is functioning now (information is posted on the site).
Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru
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