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VEB.RF
VEB.RF, or VEB (russian: ВЭБ.РФ (ex-Vnesheconombank)), is a Russian state development corporation. It was founded in 2007 as a development institute. VEB.RF is an investment company and development institute in Russia. It has financed more than 300 projects. The corporation's total assets were $50.3 billion, total liabilities were $45.2 billion, loan portfolio i$31.3 billion Activities It's a non-political organisation. VEB.RF supports and develops the Russian economy. In partnership with commercial banks, it provides financing for large-scale projects to develop the country's infrastructure, industrial production and social sphere, strengthen its technological potential and improve the quality of life. VEB.RF is validly existing under Law of Russia, Russian law in the legal form of “Nonprofit organization, non-profit organization”. It is not owned, nor directed by the government or political party. On 22 February 2022, President Joe Biden announced that the US and its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Olof Aschberg
Olof Aschberg (July 22, 1877 – April 21, 1960) was a Swedish banker of Jewish descent who served as head of the Stockholm bank Nya Banken. From August 18, 1922 on he served as Director-General of Roscombank, which was later transformed into Vnesheconombank. Aschberg was a leftist sympathizer and helped finance the Bolsheviks during the Russian Revolution. In gratitude, the Bolshevik government allowed Aschberg to do business with the Soviet Union during the 1920s. His codirectors included prominent Swedish cooperatives and Swedish socialists, including G. W. Dahl, K. G. Rosling, and C. Gerhard Magnusson. Early years In Stockholm, Aschberg founded the first Swedish bank for trade unions and cooperatives (Nya Banken) in 1912 and became a friend of Hjalmar Branting. When financial operations in favor of the Germans in 1918 caused him trouble with the Allies of World War I, the bank was renamed Svensk Ekonomiebolaget. Alain Dugrand / Frédéric Laurent, ''Willi Münzenberg. A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Sanctions During The 2014 Pro-Russian Unrest In Ukraine
International sanctions have been imposed against Russia and Crimea during the Russo-Ukrainian War by a large number of countries, including the United States, Canada, the European Union, and international organisations following the Russian annexation of Crimea, which began in late February 2014. Belarus has also been sanctioned for its cooperation with and assistance to Russian armed forces. The sanctions were imposed against individuals, businesses, and officials from Russia and Ukraine. Russia responded with sanctions against several countries, including a total ban on food imports from Australia, Canada, Norway, Japan, the United States, and the EU. The sanctions contributed to the collapse of the Russian ruble and worsened the economic impact of the 2022 Russian invasion of Ukraine. They also caused economic damage to the EU economy, with total losses estimated at €100 billion (). , Russia's finance minister announced that the sanctions had cost Russia $40 bill ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Igor Shuvalov
Igor Ivanovich Shuvalov ( rus, И́горь Ива́нович Шува́лов, p=ˈigərʲ ɪˈvanəvʲɪtɕ ʂʊˈvaləf; born 4 January 1967) is a Russian politician. Since May 2018 he became the Chairman of State Development Corporation VEB.RF (Ex-Vensheconombank). From May 2012 to May 2018 he was First Deputy Prime Minister in Dmitry Medvedev's Cabinet. Previously, he served in the same capacity in . As First Deputy Prime M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Viktor Gerashchenko
Viktor Vladimirovich Gerashchenko (russian: Ви́ктор Влади́мирович Гера́щенко; born 21 December 1937 Leningrad, Soviet Union), nicknamed ''Gerakl'' (the Russian version of Heracles, or sometimes of debacle), was the Gosbank, chairman of the Soviet State bank during much of the Perestroika and post-Perestroika periods. Biography Viktor Gerashchenko was born in Leningrad on 21 December 1937. His father was a leading Soviet banker who ran the Financial Department of the Foreign Office in the 1940s before ending his career as deputy chairman of the State Bank. Due to his father's connections, Viktor made a brilliant career in the Soviet banking system. At the age of 28 he became director of the first Soviet bank abroad, Moscow Narodny Bank Limited, Moscow Narodny Bank, based in London. In 1982 Gerashcheko moved to work in the VTB Bank, Vneshtorgbank, responsible for the Soviet foreign trade. Seven years later he was appointed Gosbank#Chairman_of_the_Board_o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2021–2022 Russo-Ukrainian Crisis
In March and April 2021, Russian president Vladimir Putin ordered the Russian military to begin massing thousands of personnel and equipment near its border with Ukraine and in Crimea, representing the largest mobilization since the annexation of Crimea in 2014. This precipitated an international crisis due to concerns over a potential invasion. Satellite imagery showed movements of armour, missiles, and heavy weaponry. The troops were partially withdrawn by June 2021, but the crisis was renewed in October and November 2021, when over 100,000 Russian troops were massed around Ukraine on three sides by December. Despite the Russian military build-ups, Russian officials from November 2021 to 20 February 2022 repeatedly denied that Russia had plans to invade Ukraine. The crisis is related to the ongoing (2014–present) War in Donbas, which is in turn part of the Russo-Ukrainian War. In December 2021, Russia advanced two draft treaties that contained requests for what it refe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Development Corporation
Development corporations or development firms are organizations established by governments in several countries for the purpose of urban development. They often are responsible for the development of new suburban areas or the redevelopment of existing ones. Australia In Australia development corporations are often responsible for the economic promotion and growth of areas considered to be under-performing economically. Such corporations include: *Central Coast Development Corporation (1998–); previously known as the Festival Development Corporation *Cooks Cove Development Corporation; based in The Rocks *Hunter Development Corporation (2007–); based in Newcastle *Honeysuckle Development Corporation (1992–2007; merged with the Regional Land Management Corporation to form the Hunter Development Corporation); based in Newcastle *Macquarie Point Development Corporation (2012–); based in Hobart, TasmaniaNorthern Tasmania Development Corporation(2017-); North Eastern Tasmania, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pension Fund Of The Russian Federation
The Pension Fund of the Russian Federation (PFR) (russian: Пенсионный фонд Российской Федерации (ПФР)) is the principal national pension fund in Russia. It is the largest organization of Russia to provide socially important public services to Russian citizens. Founded December 22, 1990 decision of the Supreme Soviet of the RSFSR No. 442-1 "On the organization of the Pension Fund of the Russian Federation". The fund has branches across all Federal Subjects of Russia. The State Duma decided (July 5, 2022) to fuse this fund with the Social Insurance Fund of the Russian Federation and to create a united social fund under the title Pension and Social Insurance Fund of the Russian Federation since January 1, 2023. History The Russian Pension Fund experienced three major changes from the Soviet system to the modern one throughout the 1990s and early 2000s. The first being a switch from the pension entirely controlled by the Soviet budget. This in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Assets
In financial accountancy, financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetaryThere are different methods of assessing the monetary value of the assets recorded on the Balance Sheet. In some cases, the ''Historical Cost'' is used; such that the value of the asset when it was bought in the past is used as the monetary value. In other instances, the present fair market value of the asset is used to determine the value shown on the balance sheet. value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. Assets can be grouped into two major classes: Tangible property, tangible assets and intangible assets. Tangible ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liability (financial Accounting)
In financial accounting, a liability is defined as the future sacrifices of economic benefits that the entity is ''obliged'' to make to other entities as a result of past transactions or other ''past'' events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future. Characteristics A liability is defined by the following characteristics: * Any type of borrowing from persons or banks for improving a business or personal income that is payable during short or long time; * A duty or responsibility to others that entails settlement by future transfer or use of assets, provision of services, or other transaction yielding an economic benefit, at a specified or determinable date, on occurrence of a specified event, or on demand; * A duty or responsibility that obligates the entity to another, leaving it little or no discretion to avoid settlement; and, * A transaction or event obligating the entity t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Duma
The State Duma (russian: Госуда́рственная ду́ма, r=Gosudárstvennaja dúma), commonly abbreviated in Russian as Gosduma ( rus, Госду́ма), is the lower house of the Federal Assembly of Russia, while the upper house is the Federation Council of Russia, Federation Council. The Duma headquarters are located in central Moscow, a few steps from Manezhnaya Square, Moscow, Manege Square. Its members are referred to as deputies. The State Duma replaced the Supreme Soviet of Russia, Supreme Soviet as a result of the new constitution introduced by Boris Yeltsin in the aftermath of the Russian constitutional crisis of 1993, and approved in a 1993 Russian constitutional referendum, nationwide referendum. In the 2007 Russian legislative election, 2007 and 2011 Russian legislative elections a full party-list proportional representation with 7% electoral threshold system was used, but this was subsequently repealed. The legislature's term length was initially 2 yea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vladimir Putin
Vladimir Vladimirovich Putin; (born 7 October 1952) is a Russian politician and former intelligence officer who holds the office of president of Russia. Putin has served continuously as president or prime minister since 1999: as prime minister from 1999 to 2000 and from 2008 to 2012, and as president from 2000 to 2008 and since 2012. Putin worked as a KGB foreign intelligence officer for 16 years, rising to the rank of lieutenant colonel before resigning in 1991 to begin a political career in Saint Petersburg. He moved to Moscow in 1996 to join the administration of president Boris Yeltsin. He briefly served as director of the Federal Security Service (FSB) and secretary of the Security Council of Russia, before being appointed as prime minister in August 1999. After the resignation of Yeltsin, Putin became Acting President of Russia and, less than four months later, was elected outright to his first term as president. He was reelected in 2004. As he was constitutionall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities
A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any form of financial instrument, even though the underlying legal and regulatory regime may not have such a broad definition. In some jurisdictions the term specifically excludes financial instruments other than equities and Fixed income instruments. In some jurisdictions it includes some instruments that are close to equities and fixed income, e.g., equity warrants. Securities may be represented by a certificate or, more typically, they may be "non-certificated", that is in electronic ( dematerialized) or "book entry only" form. Certificates may be ''bearer'', meaning they entitle the holder to rights under the security merely by holding the security, or ''registered'', meaning they entitle the holder to rights only if they appear on a secur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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