Russian Government approves VEB recapitalization

RUSSIA / FSU POLITICS - In Brief 29 Dec 2018 by Alex Teddy
Prime Minister Medvedev announced that VEB.RF will be recapitalized through subscription capital. VEB is a state corporation. VEB will now be a ''project financing factory''. Igor Shuvalov is its head and he plans to reduce its staff from 8000 to 3000.

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