Keep Us Strong WikiLeaks logo

Currently released so far... 97115 / 251,287

Articles

Browse latest releases

Browse by creation date

Browse by origin

A B C D F G H I J K L M N O P Q R S T U V W Y Z

Browse by tag

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
ETRD EAGR ETTC EAID ECON EFIN ECIN EINV ELAB EAIR ENRG EPET EWWT ECPS EIND EMIN ELTN EC ETMIN EUC EZ ET ELECTIONS ENVR EU EUN EG EINT ER ECONOMICS ES EMS ENIV EEB EN ECE ECOSOC EK ENVIRONMENT EFIS EI EWT ENGRD ECPSN EXIM EIAD ERIN ECPC EDEV ENGY ECTRD EPA ESTH ECCT EINVECON ENGR ERTD EUR EAP EWWC ELTD EL EXIMOPIC EXTERNAL ETRDEC ESCAP ECO EGAD ELNT ECONOMIC ENV ETRN EIAR EUMEM ENRGPARMOTRASENVKGHGPGOVECONTSPLEAID EREL ECOM ECONETRDEAGRJA ETCC ETRG ECONOMY EMED ETR ENERG EITC EFINOECD EURM EENG ERA EXPORT ENRD ECONEINVETRDEFINELABETRDKTDBPGOVOPIC EGEN EBRD EVIN ETRAD ECOWAS EFTA ECONETRDBESPAR EGOVSY EPIN EID ECONENRG EDRC ESENV ETT EB ENER ELTNSNAR ECHEVARRIA ETRC EPIT EDUC ESA EFI ENRGY ESCI EE EAIDXMXAXBXFFR EETC ECIP EIAID EIVN EBEXP ESTN EING EGOV ETRA EPETEIND ELAN ETRDGK EAIDRW ETRDEINVECINPGOVCS EPEC ENVI ELN EAG EPCS EPRT EPTED ETRB EUM EAIDS EFIC EFINECONEAIDUNGAGM EAIDAR ESF EIDN ELAM EDU EV EAIDAF ECN EDA EXBS EINTECPS ENRGTRGYETRDBEXPBTIOSZ EPREL EAC EINVEFIN ETA EAGER EINDIR ECA ECLAC ELAP EITI EUCOM ECONEFINETRDPGOVEAGRPTERKTFNKCRMEAID EARG ELDIN EINVKSCA ENNP EFINECONCS EFINTS ECCP ETC EAIRASECCASCID EINN ETRP EAIDNI EFQ ECOQKPKO EGPHUM EBUD ECONEINVEFINPGOVIZ ENERGY ELB EINDETRD EMI ECONEFIN EIB EURN ETRDEINVTINTCS EIN EFIM ETIO ELAINE EMN EATO EWTR EIPR EINVETC ETTD ETDR EIQ ECONCS EPPD ENRGIZ EISL ESPINOSA ELEC EAIG ESLCO EUREM ENTG ERD EINVECONSENVCSJA EEPET EUNCH ECINECONCS ETRO ETRDECONWTOCS ECUN EFND EPECO EAIRECONRP ERGR ETRDPGOV ECPN ENRGMO EPWR EET EAIS EAGRE EDUARDO EAGRRP EAIDPHUMPRELUG EICN ECONQH EVN EGHG ELBR EINF EAIDHO EENV ETEX ERNG ED
KMDR KPAO KPKO KJUS KCRM KGHG KFRD KWMN KDEM KTFN KHIV KGIC KIDE KSCA KNNP KHUM KIPR KSUM KISL KIRF KCOR KRCM KPAL KWBG KN KS KOMC KSEP KFLU KPWR KTIA KSEO KMPI KHLS KICC KSTH KMCA KVPR KPRM KE KU KZ KFLO KSAF KTIP KTEX KBCT KOCI KOLY KOR KAWC KACT KUNR KTDB KSTC KLIG KSKN KNN KCFE KCIP KGHA KHDP KPOW KUNC KDRL KV KPREL KCRS KPOL KRVC KRIM KGIT KWIR KT KIRC KOMO KRFD KUWAIT KG KFIN KSCI KTFIN KFTN KGOV KPRV KSAC KGIV KCRIM KPIR KSOC KBIO KW KGLB KMWN KPO KFSC KSEAO KSTCPL KSI KPRP KREC KFPC KUNH KCSA KMRS KNDP KR KICCPUR KPPAO KCSY KTBT KCIS KNEP KFRDCVISCMGTCASCKOCIASECPHUMSMIGEG KNNB KGCC KINR KPOP KMFO KENV KNAR KVIR KDRG KDMR KFCE KNAO KDEN KGCN KICA KIMMITT KMCC KLFU KMSG KSEC KUM KCUL KMNP KSMT KCOM KOMCSG KSPR KPMI KRAD KIND KCRP KAUST KWAWC KTER KCHG KRDP KPAS KITA KTSC KPAOPREL KWGB KIRP KJUST KMIG KLAB KTFR KSEI KSTT KAPO KSTS KLSO KWNN KPOA KHSA KNPP KPAONZ KBTS KWWW KY KJRE KPAOKMDRKE KCRCM KSCS KWMNCI KESO KWUN KPLS KIIP KEDEM KPAOY KRIF KGICKS KREF KTRD KFRDSOCIRO KTAO KJU KWMNPHUMPRELKPAOZW KEN KO KNEI KEMR KKIV KEAI KWAC KRCIM KWCI KFIU KWIC KCORR KOMS KNNO KPAI KBWG KTTB KTBD KTIALG KILS KFEM KTDM KESS KNUC KPA KOMCCO KCEM KRCS KWBGSY KNPPIS KNNPMNUC KWN KERG KLTN KALM KCCP KSUMPHUM KREL KGH KLIP KTLA KAWK KWMM KVRP KVRC KAID KSLG KDEMK KX KIF KNPR KCFC KFTFN KTFM KPDD KCERS KMOC KDEMAF KMEPI KEMS KDRM KEPREL KBTR KEDU KNP KIRL KNNR KMPT KISLPINR KTPN KA KJUSTH KPIN KDEV KTDD KAKA KFRP KWNM KTSD KINL KJUSKUNR KWWMN KECF KWBC KPRO KVBL KOM KFRDKIRFCVISCMGTKOCIASECPHUMSMIGEG KEDM KFLD KLPM KRGY KNNF KICR KIFR KM KWMNCS KAWS KLAP KPAK KDDG KCGC KID KNSD KMPF KPFO KDP KCMR KRMS KNPT KNNNP KTIAPARM KDTB KNUP KPGOV KNAP KNNC KUK KSRE KREISLER KIVP KQ KTIAEUN KPALAOIS KRM KISLAO KWM KFLOA
PHUM PINR PTER PGOV PREL PREF PL PM PHSA PE PARM PINS PK PUNE PO PALESTINIAN PU PBTS PROP PTBS POL POLI PA PGOVZI POLMIL POLITICAL PARTIES POLM PD POLITICS POLICY PAS PMIL PINT PNAT PV PKO PPOL PERSONS PING PBIO PH PETR PARMS PRES PCON PETERS PRELBR PT PLAB PP PAK PDEM PKPA PSOCI PF PLO PTERM PJUS PSOE PELOSI PROPERTY PGOVPREL PARP PRL PNIR PHUMKPAL PG PREZ PGIC PBOV PAO PKK PROV PHSAK PHUMPREL PROTECTION PGOVBL PSI PRELPK PGOVENRG PUM PRELKPKO PATTY PSOC PRIVATIZATION PRELSP PGOVEAIDUKNOSWGMHUCANLLHFRSPITNZ PMIG PREC PAIGH PROG PSHA PARK PETER POG PHUS PPREL PS PTERPREL PRELPGOV POV PKPO PGOVECON POUS PGOVPRELPHUMPREFSMIGELABEAIDKCRMKWMN PWBG PMAR PREM PAR PNR PRELPGOVEAIDECONEINVBEXPSCULOIIPBTIO PARMIR PGOVGM PHUH PARTM PN PRE PTE PY POLUN PPEL PDOV PGOVSOCI PIRF PGOVPM PBST PRELEVU PGOR PBTSRU PRM PRELKPAOIZ PGVO PERL PGOC PAGR PMIN PHUMR PVIP PPD PGV PRAM PINL PKPAL PTERE PGOF PINO PHAS PODC PRHUM PHUMA PREO PPA PEPFAR PGO PRGOV PAC PRESL PORG PKFK PEPR PRELP PREFA PNG PGOVPHUMKPAO PRELECON PINOCHET PFOR PGOVLO PHUMBA PRELC PREK PHUME PHJM POLINT PGOVPZ PGOVKCRM PGOVE PHALANAGE PARTY PECON PEACE PROCESS PLN PRELSW PAHO PEDRO PRELA PASS PPAO PGPV PNUM PCUL PGGV PSA PGOVSMIGKCRMKWMNPHUMCVISKFRDCA PGIV PRFE POGOV PEL PBT PAMQ PINF PSEPC POSTS PHUMPGOV PVOV PHSAPREL PROLIFERATION PENA PRELTBIOBA PIN PRELL PGOVPTER PHAM PHYTRP PTEL PTERPGOV PHARM PROTESTS PRELAF PKBL PRELKPAO PKNP PARMP PHUML PFOV PERM PUOS PRELGOV PHUMPTER PARAGRAPH PERURENA PBTSEWWT PCI PETROL PINSO PINSCE PQL PEREZ PBS

Browse by classification

Community resources

courage is contagious

Viewing cable 06MOSCOW13002, RUSSIAN DEVELOPMENT "BANK" TAKES SHAPE

If you are new to these pages, please read an introduction on the structure of a cable as well as how to discuss them with others. See also the FAQs

Understanding cables
Every cable message consists of three parts:
  • The top box shows each cables unique reference number, when and by whom it originally was sent, and what its initial classification was.
  • The middle box contains the header information that is associated with the cable. It includes information about the receiver(s) as well as a general subject.
  • The bottom box presents the body of the cable. The opening can contain a more specific subject, references to other cables (browse by origin to find them) or additional comment. This is followed by the main contents of the cable: a summary, a collection of specific topics and a comment section.
To understand the justification used for the classification of each cable, please use this WikiSource article as reference.

Discussing cables
If you find meaningful or important information in a cable, please link directly to its unique reference number. Linking to a specific paragraph in the body of a cable is also possible by copying the appropriate link (to be found at theparagraph symbol). Please mark messages for social networking services like Twitter with the hash tags #cablegate and a hash containing the reference ID e.g. #06MOSCOW13002.
Reference ID Created Released Classification Origin
06MOSCOW13002 2006-12-20 15:01 2011-08-24 01:00 UNCLASSIFIED//FOR OFFICIAL USE ONLY Embassy Moscow
VZCZCXYZ0031
RR RUEHWEB

DE RUEHMO #3002/01 3541501
ZNR UUUUU ZZH
R 201501Z DEC 06
FM AMEMBASSY MOSCOW
TO RUEHC/SECSTATE WASHDC 5972
INFO RUEATRS/DEPT OF TREASURY WASHDC
RHEHNSC/NSC WASHDC
UNCLAS MOSCOW 013002 
 
SIPDIS 
 
SENSITIVE 
SIPDIS 
 
STATE FOR EUR/RUS 
TREASURY FOR BAKER/GAERTNER 
NSC FOR MCKIBBEN 
 
E.O. 12958: N/A 
TAGS: ECON EFIN EINV RS
SUBJECT: RUSSIAN DEVELOPMENT "BANK" TAKES SHAPE 
 
 
Summary 
------- 
 
1.  (SBU) At a meeting of cabinet ministers on December 14, 
Economic Development and Trade Minister German Gref delivered 
a presentation on the prospective scope and functions of a 
new Russian Development Bank (RDB).  Gref's proposal would 
consolidate the Foreign Economic Activity Bank of the USSR 
(Vneshekonombank, VEB), the existing Russian Development 
Bank, and the Russian Export-Import Bank into a unified 
government development-financing structure.  The new 
institution would have charter capital totaling USD 70 
billion and would provide long-term financing for 
infrastructure projects and high-tech, export-oriented 
industries.  The ministers approved Gref's concept and 
Finance Minister Aleksey Kudrin's suggestion that the Prime 
Minister serve as the head of the RDB's Oversight Council. 
Prime Minister Mikhail Fradkov directed the ministers to 
develop a draft bill on the bank before the end of the year. 
End Summary. 
 
Russian Development Bank: Long-Term Focus 
----------------------------------------- 
 
2.  (SBU) Addressing a cabinet ministers' meeting on December 
14, Economic Development and Trade Minister German Gref 
outlined the prospective objectives and functions of the 
proposed Russian Development Bank (RDB).  He explained that 
the RDB would emerge from the consolidation of the Foreign 
Economic Activity Bank of the USSR (Vneshekonombank, VEB), 
the existing Russian Development Bank, and the Russian 
Export-Import Bank.  Gref emphasized that the government 
should foster transparency and self-sufficiency in RDB 
operations.  The consolidated structure would start 
operations from a capital base of USD 70 billion with the 
goals of supporting economic development, establishing new 
market sectors, and eliminating infrastructure imbalances 
among Russia's regions.  The RDB's main lines of business 
would be infrastructure and social projects, development and 
export of high-tech products, advanced technology imports, 
research and development support, and small business 
financing. 
 
3.  (SBU) Gref observed that the RBD, which President Putin 
first advocated in January, would complement existing 
government-supported institutions such as the Agency for Home 
Mortgage Lending, the Federal Agency for Management of 
Special Economic Zones, and the Investment Fund.  He also 
told cabinet members that the proposed move was in keeping 
with other countries' experience in establishing government 
finance institutions.  He expressed hope that the RDB would 
reproduce the successes of Ex-Im Bank in the U.S., the 
Japanese Development Bank, and Brazil's Socio-Economic 
Development Bank.  Gref argued that the RDB, as a government 
development institution, should focus on long-term project 
finance.  He suggested that partnership with the private 
sector would not only reduce some of the government's burden 
in supporting priority sectors, but also raise the 
profitability of longer-term endeavors. 
 
Not a Traditional Bank 
---------------------- 
 
4.  (SBU) Under Gref's plan, the RDB would not serve as a 
bank in the traditional sense of the word since it would not 
operate under a license from the Central Bank.  The RDB would 
neither make loans to individuals nor trade in securities, 
and would require special legislation to be organized as a 
government corporation.  Gref suggested that the 
legislation's general guidelines for the RDB should be to 
diversify the economy, improve infrastructure, and create 
conditions for long-term economic development.  The 
government would review the RDB's performance annually and 
adjust priority areas as necessary.  The government would 
provide general oversight, and the RDB would be subject to 
independent audits. 
 
RDB Concept Ultimately Approved 
------------------------------- 
 
5.  (SBU) There was apparently some debate.  Deputy Prime 
Minister Medvedev recommended calling the institution the 
"Russian Development Fund" or "Russian Development 
Corporation" since it would not technically operate as a 
bank.  Justice Minister Ustinov offered general objections to 
Gref's plan, noting that many laws would need to be passed 
for the RDB to function as outlined.  In an apparent effort 
to forge consensus among the ministers, Finance Minister 
Kudrin urged that the government appoint the RDB's leadership 
and suggested the Prime Minister serve as the head of the 
Oversight Council.  The ministers unanimously approved the 
RDB concept, and Prime Minister Fradkov directed the 
ministers to develop draft legislation that could be 
submitted to the Duma before the end of the year. 
 
Comment 
------- 
 
6.  (SBU) The idea of a Russian Development Bank had been 
kicking around for years prior to Putin's January nudge. 
Gref's presentation fell short of the mark that Putin had set 
earlier this year, namely that the government's draft bill on 
the Russian Development Bank be presented to the Duma by 
December 15, but it advanced the issue nevertheless. 
Disagreements between Gref and Kudrin on the prospective 
bank's functions slowed the process this year, but now these 
appear to be behind them.  The establishment of this bank 
would be a concrete measure in the emerging unified policy 
that Gref has often articulated to promote genuine 
diversification of the Russian economy, including through 
exports.  The proposed legislation creating the RDB, however, 
is likely to be very general in nature, given the two-week 
deadline and Prime Minister's reported frustration at 
"waiting months for us to give birth to this bank."  End 
Comment. 
RUSSELL