Ensuring Repayment of Debt Owed to the Russian Federation by Legal Entities, Constituent Entities of the Russian Federation and Municipalities

Annual Report 2013
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# Ensuring Repayment of Debt Owed to the Russian Federation by Legal Entities, Constituent Entities of the Russian Federation and Municipalities

As at 01.01.2014, Vnesheconombank kept records of indebtedness amounting to RUB 367.3 bn owed by 360 borrowers to the Russian Federation.

In 2013, the total amount of settled indebtedness owed to the federal budget exceeded RUB 14.6 bn. That included the following efforts:

- more than RUB 4.4 bn were transferred to the federal budget (including RUB 2.3 bn in conformity with the previously concluded amicable and restructuring agreements);
- the indebtedness amounting to RUB 10.2 bn was written off from the Bank’s books.

Over the period under review, within the framework of the Bank’s activities on settlement of indebtedness towards the Federal Budget related to financing the building of German manufactured vessels, Vnesheconombank assessed the financial standing and the property pledged by 6 new debtors to the federal budget. Agreements on the termination of 2 fishing vessels mortgage /pledge contracts were concluded (the indebtedness was restructured and partially redeemed). Also, 4 consents of the mortgage holder for the fishing vessels time-charter were formalized.

Apart from that, Vnesheconombank undertook measures to ensure that all the court rulings were properly enforced. Thus, 21 applications were submitted to the Federal Service of Court Bailiffs of Russia, 8 applications and complaints were forwarded to the Arbitration Court.

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