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Vnesheconombank to invest 2 trillion rubles in Russian economy before end of 2015

September 27, 2011, 21:08 UTC+3

That is the purpose of the establishment of the Russian Agency for Insurance of Export Loans and Investments

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MOSCOW, September 27 (Itar-Tass) —— Vnesheconombank will invest 2 trillion rubles in the Russian economy before the end of 2015, Prime Minister Vladimir Putin said at the Tuesday meeting of the Vnesheconombank Supervisory Board.

“Before the end of 2015 Vnesheconombank is due to invest about 2 trillion rubles in the economy of Russia. That is a substantial sum, about 2.8% GDP,” Putin said.

“It is necessary to enlarge the credit portfolio of the Development Bank by more than twice,” he said.

In addition, Vnesheconombank has reserved 250 billion rubles for house mortgage programs, including re-financing of mortgage loans, Putin said.

“Vnesheconombank should play a more active role in the investment policy and be the locomotive of projects, which are bound to change the structure of the national economy,” the premier said. “Support to high-tech and infrastructural programs and projects, which will create new jobs, will become a priority.”

In addition, it is necessary “to enlarge the share of high-tech and innovative projects, from 15% to 20% in the total amount of financing,” Putin said.


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