VEB.RF is a Russia’s national economic development institution. It is a state corporation established by Russian federal law exclusively for the public good. It is a non-commercial, non-profit organization with no shareholders.
Chairman of the Executive BoardIgor Shuvalov
Equity719 billion roubles
VEB.RF’s charter capital comprises funds and other property contributed by the Russian Federation; it also receives direct contributions from the Federal Budget.
In partnership with commercial banks, VEB.RF provides financing for large-scale projects to develop the country’s infrastructure, industrial production and social sphere, strengthen its technological potential and improve quality of life.
VEB.RF is also a government agent for Russia’s foreign debt, both of the Russian Government and of the former Soviet Union.
VEB.RF coordinates activities of the Russian Export Centre, VEB Ventures and other bodies.