VEB.RF's Guarantee Portfolio Exceeds One Trillion Roubles

4 august 2020 года
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“VEB.RF, as a development institution, implements measures aimed at stimulating investment and infrastructure development, implementing major investment projects, supporting the constituent entities of the Russian Federation, and also participates in the implementation of anti-crisis measures of the Russian Government. During the lockdown, VEB.RF did not suspend its activities, continued to participate in the implementation of significant projects for the country, and fulfilled its obligations to its partners and customers. VEB.RF’s guarantees have a multiplying effect on the economy and allow companies in the real sector to attract investment on more favourable terms and maturities. As of 1 August 2020, VEB.RF's guarantee portfolio exceeded one trillion roubles. VEB.RF issued guarantees to enterprises in the following sectors: timber industry, chemical industry, mechanical engineering, transport infrastructure, and energy,” VEB.RF’s First Deputy Chairman and Member of the Management Board Nikolai Tsekhomsky said.

According to the Memorandum on the Financial Policy, VEB.RF’s guarantees and sureties also ensure the fulfilment of obligations of companies engaged in foreign economic activity and export contracts. Support and promotion of Russian industrial exports is a priority for VEB.RF. As at 1 August 2020, VEB.RF's export support guarantee portfolio amounted to 458.52 billion roubles.


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