Annual Report 2014

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Agent for the Government of the Russian Federation



Federal Law No. 349-FZ dd. 2 December 2013, "On Federal Budget for 2014 and the 2015-2016 Planning Period"


Resolution by the Government of the Russian Federation No 1213 dd. 23 December 2013,
"On Measures to Implement Federal Law 'On Federal Budget for 2014 and the 2015-2016 Planning Period ‴

In 2014, Vnesheconombank continued to act as the agent for the Government of the Russian Federation as to:


  • keeping records, servicing and repayment of the foreign debt of the Russian Federation;
  • keeping records, servicing and repayment (utilisation) of the external financial assets
    of the Russian Federation;
  • securing the repayment of debt owed to the Russian Federation by legal entities, Russian constituent entities and municipalities;
  • extending and executing state guarantees of the Russian Federation.

In the reporting period, the Russian Ministry of Finance seeking to improve the procedure
for issuing and executing state guarantees of the Russian Federation authorized Vnesheconombank to sign state guarantees of the Russian Federation, as well as state guarantee agreements and other related agreements and documents, on behalf
of the Russian Ministry of Finance.


Throughout 2014, the amount of assets and liabilities under Vnesheconombank's management increased by 30% to exceed RUB 7.2 tn as at 01.01.2015.


Over the period under review, Vnesheconombank executed 1326 instructions by the Russian Ministry of Finance, prepared 39 analytical reports on international debt, and various reviews and summaries for meetings and sessions of Russian intergovernmental agencies for trade and economic cooperation, including any committees and subcommittees established under the auspices of such agencies, as well as for official meetings and summits.


The Bank's representatives participated in the work of the Russian delegation at 10 sessions of the Paris Club of creditors, in the annual Club meeting with the private sector representatives and a number of sovereign creditors, and in the Paris Club/G-20 Joint Forum.