Today VEB.RF is a key institution for the process of national economy development. The state corporation supports business, develops entire industries and improves the quality of life of Russians.
VEB.RF also coordinates more than 12 other development institutions, including the SME Corporation, Skolkovo, the Industrial Development Fund, the Russian Export Center and others.
VEB.RF has been serving the Russian economy for more than 100 years: first as a state bank for foreign economic activity, and then as a development institution. According to Russian President Vladimir Putin, in recent years VEB.RF has become one of the most successful state corporations in the country.
The activities of VEB.RF are aimed at implementing the most important projects in high-tech industries, improving regional infrastructure, promoting non-resource, non-energy exports, and supporting small and medium-sized businesses.
VEB.RF builds airports, schools, factories, roads and bridges, invests in the development of urban transport, modernizes water supply systems, in other words, makes a huge contribution to improving the quality of life of Russians.
For every rouble invested by the state, VEB.RF attracts 40 roubles in private investment.
The state corporation offers effective business support tools, insurance for exports, grant support for startups, etc. All these measures help developing the Russian economy.
The global goals of the state corporation include investing 17 trillion roubles in the country’s development by 2024 in partnership with commercial banks. Priority is given to areas where the state sets objectives of advanced development.
Over the past five years alone, 27 million families have felt the positive effect of the work of VEB.RF.