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Economic Development Ministry urges additional capitalisation of VEB Group

February 20, 2014, 14:48 UTC+3 MOSCOW
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MOSCOW, February 20. /ITAR-TASS/. Russia’s Economic Development Ministry has called for increasing capitalisation of the VEB Group, including Roseximbank and the Export Insurance Agency by $3-3.5 billion additionally up to 2018, minister Alexei Ulyukayev told a cabinet meeting on Thursday.

“According to our estimates, additional capitalisation of $3-3.5 billion would be needed up to 2018,” he said. “At the same time a half of this sum the Group could generate on its own through profits from its core activities, while sources for another half have not been determined yet.

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