OREANDA-NEWS. November 5, 2008. State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ made a decision to early terminate powers of members of the Russian Development Bank Supervisory Board.

By the same decision, Vnesheconombank elected a new Supervisory Board of the Russian Development Bank. The Supervisory Board is comprised of: Management Board Member, Vnesheconombank Deputy Chairman S.P. Lykov, Management Board Member Vnesheconombank Deputy Chairman A.P. Zabaznov, Vnesheconombank’s Financial Institutions Department Director A.V. Zelenov, Russian Development Bank Management Board Chairman S.P Krjukov as well as President of the Russian Non-Governmental Organization of Small and Medium Business OPORA ROSSII S.R. Borisov

OJSC The Russian Development Bank was founded in 1999. State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ owns 100 percent of the Russian Development Bank’s shares.