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The President of Russia

04/02/2019 | News release | Distributed by Public on 04/02/2019 07:10

Meeting with VEB.RF Chairman Igor Shuvalov

President of Russia Vladimir Putin: Mr Shuvalov, I know that you would like to begin our meeting today with the bank's support for high-tech exports, which is a key priority at the moment. I suggest that after that we discuss a broader range of topics on which VRB.RF is working as the country's main development bank.

Chairman of the State Development Corporation VEB.RF Igor Shuvalov Shuvalov IgorChairman of the State Development Corporation VEB.RF : Thank you, Mr President.

As per your instruction, the bank has joined the efforts to implement national projects. We have our representatives on all the working groups of the Government, taking an active part in nearly all the events held by the Government.

Our special task is to analyse the export opportunities of any projects that give rise to new productions, goods and services. In your May 7 Executive Order, you set out an ambitious goal of increasing exports. We understand that this concerns everyone.

Before extending loans or any other form of assistance, all development institutions that have this agenda check and see if this service can be in demand on foreign markets or is designed exclusively for Russia.

The Government and the Russian Export Centre, which is a 100 percent subsidiary of VEB.RF, have already created roadmaps for achieving the targets of the May 7 Executive Order. Despite all the reservations - and experts always have reservations about the achievement of such ambitious goals - we know that these are achievable goals.

We must work hard. We know what we need to do. We will work with the Government's guidance to achieve our target, and we will report to you on our performance.

I would like to note that the bank's Supervisory Board has approved several more agreements, including with Shchekinoazot, KuibyshevAzot, the Udokan Copper Deposit and the Amur Gas Processing Plant.

To be continued.