The Bank has denied reports about the folding of investments

Vnesheconombank is holding and has no plans to curtail investment activity, said “RIA Novosti” the press service of the Corporation.

“About any reduction, freeze or collapse VEB investment activities now it is not and we are sure you will go in the future. New applications in the Bank are considered, while serious attention is focused on the optimization of the system risk assessment”, — said Vnesheconombank, noting that in may 2016 has been allocated to borrowers of 9.68 billion.

The spokesman of the Corporation said that at the next meeting of VEB’s Supervisory Board at the end of June 2016 will be considered by the Bank’s development strategy, under which it is planned to focus on supporting exports and the development of high tech industry and infrastructure.

Earlier today, the Agency Bloomberg with reference to anonymous sources reported that experiencing an acute shortage of funds EBV practically stopped issuing new loans and stopped funding most projects.