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- About the Fund
The Fund was established in November 2011 by decision of the Supervisory Board of the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”, chaired by Vladimir V. Putin.
Sole shareholder of the Fund: State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”
The Fund actively interacts with the Administration of the Russian President, the Government Staff, Ministry for the Development of the Russian Far East, Ministry of Economic Development of the Russian Federation, Ministry of Finance of the Russian Federation, Vnesheconombank, and is an important link in the system of public institutions promoting the development of the Far East and Arctic macro regions.
The Fund facilitates the inflow of investments to the Far East and Arctic region by providing preferential financing (at 5% APR in rubles) and long-term financing of prioritized investment projects in various industries (infrastructure, upstream and downstream production of minerals, support of SMEs, agriculture, etc.).
The total assets of the Fund amounted to RUB 81 bln.
of the Russian Federation
Determination of strategic priorities
of the Far East and Arctic development
Established strategy, approves
priority investment projects
Shareholder functions and control
of grant utilisation
- consults the government
- joint funds and platforms
- partner of foreign investors