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On Creation of the Charter Capital of the Bank for Development

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On Creation of the Charter Capital of the Bank for Development

Federal Law of the Russian Federation as of May 17, 2007 # 82-FZ "On the Bank for Development", Article 18, p.1

Vnesheconombank’s charter capital shall be formed in the amount specified by the Russian Federation Government but not less that RUR 70 billion, out of:

1. property of the Bank for Foreign Economic Affairs of the USSR transferred into Vnesheconombank’s charter capital;
2. shares in open joint-stock company ‘Russian Bank for Development’ and ‘State Specialized Russian Export-Import Bank’’ (closed joint-stock company), which stakes are in federal ownership;
3. other property as decided by the Russian Federation Government to secure formation of Vnesheconombank’s charter capital in the amount provided for by this Article.



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