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| Property | Value | Lang | Source dataset | Source ID | First seen | ||
|---|---|---|---|---|---|---|---|
LegalEntity:notes | Website: veb.ru | ch_seco_sanctions | ch-seco-48076 | ||||
LegalEntity:notes | Associated individuals: Igor Shuvalov, Chairman | ch_seco_sanctions | ch-seco-48076 | ||||
LegalEntity:notes | Founded in 1922 as bank and 2007 as development institute | ch_seco_sanctions | ch-seco-48076 | ||||
LegalEntity:notes | VEB.RF plays an active role in the diversification of the defence sector of the Russian Federation and has projects with defence industry companies, including Rostec, which provide support to actions which undermine and threaten the territorial integrity, sovereignty and independence of Ukraine. In this capacity, VEB.RF actively supports, materially or financially, or benefits from, Russian decision-makers responsible for the annexation of Crimea or the destabilisation of Eastern Ukraine. VEB.RF is a major financial development institution whose Chairman is directly appointed by the President of the Russian Federation, Vladimir Putin, and takes instructions directly from him. VEB.RF generates an important source of revenue for the Russian Government and manages its State pension funds. VEB.RF operates in the occupied regions of Ukraine under Russian control, and is involved in projects either implemented or fostered by the Russian Government. VEB.RF granted loans to small and medium-sized enterprises in Crimea and considers it a “priority region” and has partnerships with the Ministry of Crimean Affairs, responsible for the integration of the annexed Autonomous “Republic of Crimea” into the Russian Federation. | ch_seco_sanctions | ch-seco-48076 | ||||