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Accounts chamber starts audit of the financial condition of VEB

Счетная палата приступает к проверке финансового состояния ВЭБа

Accounts chamber starts check of Vnesheconombank, reports “Interfax”.

“Today started verification of VEB,” — said the head of the accounting chamber Tatyana Golikova.

Previously it was stated that previous inspections of the accounting chamber did not concern the financial condition of the Corporation.

Representatives of state Corporation has repeatedly stated about the debt problems of the VEB and its needs in a significant recapitalisation to avoid default on debt obligations. The former management of the development Bank quoted different amounts necessary support to 1.2 trillion roubles.

Against this background, the Russian authorities opened a debate about the ways of salvation VEB, but at the end of February changed its leader — who held the position for many years Vladimir Dmitriev was replaced by a representative of Sberbank Sergey Gorkov.

In late March, Prime Minister Dmitry Medvedev at a meeting of VEB’s Supervisory Board, which he chaired, announced that the Cabinet adopted a decision on additional capitalization of the Bank to 150 billion rubles in 2016.

Last week the newspaper “Vedomosti” with reference to the three Federal officials said that support for VEB will be part of the frozen funds of the cumulative pension, which is located in the presidential reserve in 2016. According to sources, this mechanism assist the EBV is the most optimal in terms as all other options would require amendments through the state Duma.

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