JSC RT Finance Board of Directors. Rostec has developed a cash management mechanism

Rostec has created a centralized system for the redistribution of funds within the group, implemented on the basis of RT-Finance. As of November 1, 2016, the amount of funds raised by RT-Finance amounted to about 7.7 billion rubles. On a daily basis, operations are carried out to attract temporarily free funds to the pool and provide intra-corporate financing.

On the basis of RT-Finance, a mechanism has been introduced that allows, using loan agreements, to accumulate temporarily free funds of corporation organizations on the accounts of RT-Finance. Further, these funds can be redistributed between Rostec organizations or placed in highly reliable financial instruments.

The purpose of the implemented intra-corporate financing mechanism is to increase the liquidity, solvency, financial stability of the group's organizations, as well as reduce the cost and volume of external debt financing.

"Basic economic effect Rostec organizations receive from intra-corporate financing operations: borrowers - in the form of savings from lower interest rates on attracted debt financing from the corporation's pool leader, lenders - in the form of additional income from an increase in the rate of placement of temporarily free cash in the corporation's pool leader, - Andrey Sapelin, CEO of RT-Finance, explained.

As of November 1, 2016, the amount of funds raised by the pool amounted to about 7.7 billion rubles. To date, RT-Finance has entered into more than 340 agreements with Rostec organizations to attract temporarily free funds to the pool of the State Corporation and provide financing to its organizations.

Internal Corporate Governance System Created at Rostec in cash ensures the execution of the instructions of the President of Russia and directives of the Russian government on the creation of single treasuries in state-owned companies and state-owned corporations in terms of centralization of management financial flows group and is the maximum effective way use of temporarily free funds of the group organizations.

RT-Finance is a 100% subsidiary of the State Corporation. It was created in 2015 to implement and develop the financial, budgetary, dividend, and credit policies of Rostec, as well as holdings and directly managed organizations that are part of the State Corporation. The tasks of RT-Finance include the centralization of the management of the financial flows of the group of companies, the maximization of profitability from investing free financial resources, minimizing the cost of interest on loans with maximum benefit for a group of companies, distribution of resources within the corporation.

, Vnesheconombank

"News"

AVTOVAZ will not pay dividends for 2017

On May 17, AVTOVAZ in Tolyatti held its annual general meeting of shareholders and a meeting of the board of directors of the company. Participants of the annual general meeting shareholders of PJSC AVTOVAZ discussed the activities of the company in 2017, as a result of which Russian sales of LADA in the Russian Federation increased by 17% (up to 311 thousand 588 units), and PJSC AVTOVAZ revenue increased by 22% (up to 225.6 billion . rub.). The growth was largely driven by the success of the new generation LADA vehicles – Vesta (including Vesta SW and SW Cross models, sales of which started in October 2017) and XRAY, as well as stable demand for other models of the brand, the AVTOVAZ press service reports. Growth in sales of LADA cars in the Russian and foreign markets, intensive activities aimed at restructuring led to a significant improvement in the financial position of the company: in 2017, AVTOVAZ received a positive operating margin of 0.7% of revenue and ensured positive free cash flow.

Fraternal scam of the century

Sobesednik found out where the billions of dollars that the Russian VEB spent on buying and lending to factories in the Donbass had gone.

At the end of last week, the Ministry of Finance announced that reserve fund, where in 2015 there were almost 6 billion budget rubles, this year will be exhausted. And the budget deficit will remain. And in order to cover this deficit, the government will throw its hand into the National Welfare Fund and take 600 million rubles from it, as a result, 3.7 billion, or 4% of GDP, will remain in this moneybox. Not much. Where did the money flow from the national bins?

Sapelin from VEB appointed as CEO of Rostec's subsidiary

MOSCOW, 21 October. /TASS/. Andrey Sapelin from VEB has been appointed CEO of RT-Finance, a subsidiary of Rostec State Corporation. He will retain the position of chief adviser to the chairman of Vnesheconombank, and will also remain a member of the board of directors of AvtoVAZ from VEB. This was reported to TASS in the press service of the company.

In the position CEO RT-Finance Sapelin will focus on the consolidation of financial assets that are in the corporate circuit and the development of corporate financial services.

His responsibilities will also include the preparation of the corporation's financial statements in accordance with IFRS standards (in 2016, for the first time, the corporation will switch to full-fledged reporting in accordance with IFRS). international standards), attraction of investment resources in order to implement the strategy of the corporation and ensure the liquidity of the group as a pull leader.

VEB unloads steel

Last week, VEB made an offer to the former owners of Amurmetal to buy the enterprise back, Andrey Sapelin, deputy chairman of the state corporation, chairman of the board of directors of the plant, told Kommersant. The offer will be valid for 45 days. If the deal does not go through, another strategic investor will be found for Amurmetal.
link: http://www.kommersant.ru/doc/ 1957230

VEB sells Amurmetal

This was announced by VEB Deputy Chairman, Chairman of the Board of Directors of Amurmetal Andrey Sapelin. The offer will be valid for 45 days. If the deal does not go through, another strategic investor will be found for Amurmetal.
link: http://www.metalindex.ru

Vnesheconombank sells Amurmetal

Deputy Chairman of the State Corporation "Bank for Development and Foreign Economic Affairs", Chairman of the Board of Directors of OJSC "Amurmetal", Andrey Sapelin, announced that in early June the bank put forward an offer for the repurchase of OJSC "Amurmetal" to the ex-owner Alexander Shishkin. A more real buyer is Uralvagonzavod. The offer is valid for 45 days, if the purchase does not take place, another investor will be looked for. Complications with the transaction may be caused by a new threat of bankruptcy (on this moment the debt of the Far Eastern Electrometallurgical Plant is 28 billion rubles).
link: http://truba24.ru/analytics/publication/500

VEB put Amurmetal up for sale

The former owners of the Amurmetal enterprise recently received an offer from VneshekonomBank to buy back the former property. This was stated by Andrey Sapelin, Deputy Chairman of the Board of VEB and Chairman of the Board of Directors of Amurmetal.
link: http://www.kamasteel.com/news/

Amurmetal sell

The Far East's only iron and steel facility is up for sale as VEB plans to sell Amurmetal, the only iron and steel company in the Far East. This information provided by Andrey Sapelin, Chairman of the Board of Directors. Back in 2008, the threat of closure hung over the enterprise, but production was saved with the participation of V.V. Putin (head of the cabinet of ministers).
link: http://www.monsteelcon.ru/novosti-otrasli/amurmetall-prodaiut

Will the Ural defense industry save our Amurmetal?

“Amurmetal came to us in 2010 as a complete bankrupt,” said Andrei Sapelin, deputy chairman of VEB, who is also the current head of the board of directors of the Komsomol metallurgical plant.
link: http://hab.mk.ru/news/

The only one in the Far East Federal District metallurgical plant is up for sale!

The sale was announced by VEB Deputy Chairman and Chairman of the Board of Directors of Amurmetal, Andrey Sapelin. Vnesheconombank acquired the plant in 2008 from private owners, as he was on the verge of bankruptcy. The company has now been offered to buy former owner Alexander Shishkin. This offer will be valid for 45 days, after which the plant will be offered to other investors. Most likely, it will be the only tank manufacturer in Russia - Uralvagonzavod. “Negotiations are underway,” says Oleg Sienko, General Director of UVZ, “We want to add additional redistribution and provide our production and our partners with metal.” However, what funds and at what price Amurmetal will be bought is still unknown.
link: http://www.rudmet.ru/news/315/?language=ru

Amurmetal passed under the control of Vnesheconombank

Shareholders of Amurmetal JSC at an extraordinary meeting on October 14 elected new advice directors, which included representatives of Vnesheconombank Andrey SAPELIN and Oleg DEMIDOV.
link: http://www.urm.ru/en/news.0- article1778-act.info.html

Along with the change of ownership at Amurmetal, the management will also be replaced

It is noteworthy that the change of ownership at the enterprise is accompanied by a change of top management. On October 14 last year, at an extraordinary meeting of shareholders, a new board of directors of Amurmetal OJSC was elected, which included representatives of VEB Andrey Sapelin and Oleg Demidov, and now Sergey Khokhlov, who has led the plant since 1997, is leaving the post of head of the Amurmetal management company. Mr. Khokhlov, elected as a deputy of the legislative duma of the Khabarovsk Territory in the elections on March 14, by decision of the General Council " United Russia»He will head the regional parliament (his election should take place today at the first meeting of the Duma). To fulfill his duties, according to Kommersant, while there will be one of the deputies.
link: http://www.metalindex.ru/news

The former CEO of Amurmetal resigned from the board of directors

The seats on the Board of Directors were retained by Dmitry Bochkarev, Head of Industrial Assets Management at IC VEB Capital, Alexander Katunin, former co-owner of Evraz, member of the Board of Directors of OAO Vladivostok Sea Fishing Port, General Director of OOO Sibirsko-Amursky Metall (management company of Amurmetal) Yuri Lyashok, Chairman of the Board of the Far East Bank of Sberbank of the Russian Federation Valery Pytnev, Head of the Russian National Bank Igor Stolerov and Director of the Industry Department of Vnesheconombank Andrey Sapelin.
link: http://www.rosinvestproekt.ru

Andrey Sapelin and Mikhail Poluboyarinov Appointed Deputy Chairman of Vnesheconombank

The Supervisory Board of Vnesheconombank made a decision to appoint Andrey Yurievich Sapelin and Mikhail Igorevich Poluboyarinov to the positions of Vnesheconombank's Deputy Chairman.
link: http://www.dv-reclama.ru/

“Rich is not the one who has a lot, but the one who gives a lot”

Since the receipt of the first tranche, VEB representatives headed by A.Yu. Sapelin receive half of the seats on the Board of Directors of the enterprise, and since the summer of 2010 - the majority of seats. In addition, they gained control over management company, which, at the request of VEB, was not changed.
link: http://www.zahvat.ru/show

VEB to sell Far Eastern enterprise rescued by Putin

VEB will sell the only Far East the Amurmetal ferrous metallurgy enterprise, rescued in 2008 with the participation of the then Prime Minister Vladimir Putin. Last week, the state corporation put forward an offer to buy back the enterprise. This was announced by the chairman of the board of directors of the plant Andrey Sapelin.
link: http://mrvorchun.livejournal. com/2750826.html

VEB is trying to start production of aircraft with less than 50 seats

“We have a large country with a low population density, so we need the production of regional aircraft with up to 50 seats flying over short distances. So far, there is no such product in the UAC line. We are discussing this issue with the aircraft manufacturing company,” Vnesheconombank Deputy Chairman Andrey Sapelin said yesterday at a meeting with journalists. According to him, internal work is underway at VEB on the design of an aircraft with up to 50 seats. For private investors, such projects are still unattractive, so "we see the fundamental need to participate in it," said VEB's top manager.
link:

Andrey Sapelin, who previously held the position of First Deputy Chairman of Vnesheconombank, has been appointed to the position of General Director of Rostec's subsidiary, RT-Finance. The company will combine the main financial assets of the corporation.

Andrey Sapelin has served as First Deputy Chairman of VEB since 2013. Prior to that, he held senior positions at Vnesheconombank for six years. During the period of work in the company provided successful implementation transactions aimed at supporting the largest Russian companies during the period economic crisis 2008-2009. In addition, he headed project teams that implemented projects for the construction of the largest oil products export terminal in the port of Ust-Luga, the reconstruction of the Khabarovsk Oil Refinery, the construction of the largest polypropylene production complex in Tobolsk, and the nitrogen fertilizer production complex in Mendeleevsk. Supervised the bank's financing of major industrial projects.

The appointment of Andrey Sapelin to the position of General Director of RT-Finance is an important step for the development of the financial assets of the State Corporation

Sergey Chemezov, CEO of Rostec

As CEO of RT-Finance, Andrey Sapelin will focus on consolidating financial assets within the corporation and developing corporate financial services. His area of ​​responsibility will also include attracting investment resources in order to implement the corporation's strategy, preparing financial statements in accordance with IFRS. Recall that in 2016 the corporation will for the first time switch to full-fledged reporting in accordance with international standards.

“The appointment of Andrey Sapelin to the position of CEO of RT-Finance is an important step for the development of the corporation's financial assets. With vast experience in the financial sector, Andrey Sapelin, on behalf of VEB, oversaw the financing of the investment program of KAMAZ and AVTOVAZ, since 2013 he has been a member of the board of directors of AVTOVAZ, - said Sergey Chemezov, CEO of Rostec. - I am sure that a deep understanding of the specifics of the State Corporation and experience in banking structures will significantly improve the level of management financial institutions corporations."

Andrey Sapelin will retain his position as chief adviser to the chairman of Vnesheconombank, and will also remain a member of the board of directors of AVTOVAZ from VEB.

In the future, the banking structures in which the corporation owns a block of shares will pass into the control loop of RT-Finance pension funds, insurance subsidiaries. The goals of the company's creation are the consolidation of core financial assets to improve the efficiency of their management, the creation of synergy of financial, banking and insurance services.

Andrey Sapelin from VEB has been appointed CEO of RT-Finance, a subsidiary of Rostec State Corporation. He will retain the position of chief adviser to the chairman of Vnesheconombank, and will also remain a member of the board of directors of AvtoVAZ from VEB. This was reported to TASS in the press service of the company.

As CEO of RT-Finance, Sapelin will focus on consolidating financial assets within the corporation and developing corporate financial services.

His responsibilities will also include the formation of the corporation's financial statements in accordance with IFRS (in 2016, the corporation will switch to full-fledged reporting in accordance with international standards for the first time), attracting investment resources in order to implement the corporation's strategy and ensure the liquidity of the group as a pull leader.

Sapelin will also remain a member of the board of directors of AvtoVAZ from VEB.

Previously, Sapelin, from 2013 to October 2016, was the first deputy chairman of VEB, before that he also held senior positions at Vnesheconombank for six years. While working at a development institute, he ensured the successful implementation of transactions aimed at supporting the largest Russian companies during the economic crisis of 2008-2009.

In addition, he headed project teams that implemented projects for the construction of the largest oil products export terminal in the port of Ust-Luga, the reconstruction of the Khabarovsk Oil Refinery, the construction of the largest polypropylene production complex in Tobolsk, and the nitrogen fertilizer production complex in Mendeleevsk. Supervised the bank's financing of major industrial projects.

Education

• in 1987 he graduated with honors from the Moscow Order of Lenin and the Order October revolution Aviation Institute. S. Ordzhonikidze majoring in "Organization of mechanized processing of economic information."
• In 1991 he graduated from the School of Business of the Moscow state institute international relations Russian Foreign Ministry.

Career

• 1992-2001 - Deputy Head of Department, Head of Department of JSCB "Evrofinance".

• 2001-2007 - Deputy Head of the Department, Head of the Department, Director of the Department of Investment Operations and Services of the Investment Block of OJSC "Bank for Foreign Trade (Vneshtorgbank)".

• 2007-2011 - Head of the Department of Corporate Finance of the Directorate of Investment Banking Operations, Director of the Department of Industry of the State Corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)".

• since July 2011 – Deputy Chairman of the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”. During his time at the company, he ensured the successful implementation of transactions aimed at supporting the largest Russian companies during the economic crisis of 2008–2009. In addition, he headed project teams that implemented projects for the construction of the largest oil products export terminal in the port of Ust-Luga, the reconstruction of the Khabarovsk Oil Refinery, the construction of the largest polypropylene production complex in Tobolsk, and the nitrogen fertilizer production complex in Mendeleevsk. Supervised the bank's financing of major industrial projects.

• In October 2016, Andrey Sapelin, who previously held the position of First Deputy Chairman of Vnesheconombank, was appointed to the position of General Director of RT-Finance, a subsidiary of Rostec State Corporation. Andrey Sapelin will retain his position as chief adviser to the chairman of Vnesheconombank, and will also remain a member of the board of directors of AVTOVAZ from VEB. As CEO of RT-Finance, Andrey Sapelin will focus on consolidating financial assets within the Corporation and developing corporate financial services. He will also be responsible for preparing the Corporation's financial statements in accordance with IFRS (in 2016, for the first time, the Corporation will switch to full-fledged reporting in accordance with international standards), attracting investment resources in order to implement the Corporation's strategy and ensure the group's liquidity as a pull leader.

For his great contribution to the development of the financial and banking system and many years of conscientious work, he was awarded the medal of the Order of Merit for the Fatherland, II degree.