×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Putin Appoints New Head of Russian State Development Bank VEB

Sergei Gorkov Sergei Porter / Vedomosti

President Vladimir Putin has appointed Sergei Gorkov, a top official at Russia's biggest lender Sberbank, as the new chief of state development bank Vneshekonombank, the Kremlin's press service said in a statement Friday.

Gorkov, deputy chairman of Sberbank's management board, replaced Vladimir Dmitriyev, who has headed Vneshekonombank (VEB) since 2004, according to the statement.

The RBC newspaper reported last week that Dmitriyev announced his resignation to VEB employees, citing sources close to the government and the bank, however there was no official confirmation until now.

RBC's sources then named Gorkov among the main candidates for the post.

The reshuffle will affect other top positions at VEB.

According to an unidentified source in the banking sector, cited by the TASS news agency, after Gorkov takes up his new post, a senior vice-president of Sberbank, Svetlana Sagaidak, will be appointed deputy chairman of VEB's management board.

Nikolai Tsikholsky, another senior vice-president of Sberbank will become VEB's deputy head, an unidentified source close to the company told TASS.

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more