VEB.RF operates under the Federal Law “On State Development Corporation VEB.RF”.
VEB.RF’s primary objective is to promote Russia’s long-term social and economic growth. In partnership with commercial banks and investors, VEB.RF provides financing for integrated projects to develop the country’s industrial production and infrastructure, strengthen its technological potential, develop the urban economy and improve the quality of life.
In accordance with the Memorandum on Financial Policies, VEB.RF is involved in projects contributing towards the national development goals. VEB.RF’s operating principles include activities without competition with commercial banks, transparency and break-even performance in project financing.
The highest governing body of VEB.RF is the Supervisory Board chaired by Deputy Prime Minister and Chief of Staff of the Government Executive Office of the Russian Federation Dmitry Grigorenko.
Igor Shuvalov is VEB.RF Chairman.
