Russian Prime Minister Dmitry Medvedev holds a working meeting with Vnesheconombank Chairman Sergei Gorkov
D.Medvedev: Sergei Nikolaevich, we have met each other several times before and discussed the current business situation at Vnesheconombank and prospects for its development. You’ve been appointed Chairman of Vnesheconombank and I wish you every success. The work ahead is not of course easy but you are a very experienced person, well-versed in banking and good at tackling various crises. That is why I hope that you and your team will promote the Bank’s development and help to address problems that have accumulated for many years of its operation as well as develop new approaches, create a more efficient management system and of course accomplish current Vnesheconombank’s financial tasks. I hope you’ll be able to use your business experience in previous positions including your work at Sberbank as you will have to deal with domestic and foreign issues and here I mean foreign assets and the need to hold consultations with foreign credit institutions.
At my request you have already been introduced to the Bank’s team and I hope you’ve already got down to work.
With a view to the fact under applicable legislation our Supervisory Board is comprised of members of the Russian Government and is headed by the Prime Minister I would like to ask you to get down immediately to preparing our next Supervisory Board meeting. We’ll set a date of the meeting but we should not delay because issues are piling up and in a number of cases these issues fall within exclusive competence of VEB’s Supervisory Board and without our decisions you won’t be able to move any further.
And the second and maybe the most important thing is that you should go on working with my colleagues in the Government, with vice premiers, the Finance Minister, the Economic Development Minister on developing a plan for addressing the current economic problems that have accumulated in VEB’s operation and here I mean its additional capitalization and use of other economic instruments to improve its financial and economic indicators as well as effective management of its assets because these assets are different - they were purchased in various situations, at different datesand should be put in order either in terms of their management or in terms of their disposalif VEB’s Supervisory Board finds that asset disposal is an effective method of addressing problems confronted by Vnesheconombank.
I’d like to wish you every success once more I hope that you’ll be able to a form a modern effective team that would address VEB’s most important tasks.
In the end I would like to say that despite the current economic problems and unfavorable foreign economic conditions including the shutting down of capital markets for VEB, Vnesheconombank remains to be our leading development institution and we are going no only to retain it in this capacity but also upgrade it because without such institutionour economy’s efficient full-fledged development is impossible.
S. Gorkov: Dmitry Anatoljevich, thank for your confidence in me. A task to be addressed is formidable and very important for our country. It will take some time to sort out current basic problems. These problems really exist. But I’m sure that with the Government’s assistance we’ll be able to cope with them and create a development institution under the new conditions. There is no doubt that the new conditions are quite different from those that were ten years ago but I’m sure that our new team with the experience gained by the old team will be able to cope with problems with the Government’s and your assistance.
D. Medvedev:Let’s deal with it and discuss now some of the current issues.
Origin: Internet site of the Government of the Russian Federation
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