Support The Moscow Times!

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.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

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 you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

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

Read more