Reform of development institutions, 35 banks are at risk. Top RBC news

Eight development institutions will be transferred under the control of the state corporation VEB.RF, eight more will be liquidated; the banking market is waiting for a contraction, a new leader in oil refining will appear in the world; roads in RUSSIA have improved - in the review of RBC

Government reforms development institutions

The government is reorganizing the structure of development institutions, RBC found out. As part of the reform, they will create a single development institution based on VEB.RF and unite institutions with similar activities.

The State Corporation VEB.RF will manage the Industrial Development Fund, the Fund for Assistance in the Development of Small Forms of Enterprises in the Scientific and Technical Sphere (Bortnik Fund), the Skolkovo Fund, Rosnano, the Fund for Infrastructure and Educational Programs SME Corporation, the Russian EXPORT Center and EXIAR. As part of the reorganization, the HEAD of Rosnano, Anatoly Chubais, will be offered another position. Earlier, RBC reported on the discussion of his transition to national projects in the Arctic, Chubais denied these data. Three Far Eastern development institutions are being liquidated, as well as the Single-City Development Fund, the state company for the management of special economic zones, the Russian Fund for the Development of Information Technologies, Rosinfokominvest and the Agency for Technological Development. The reform involves the unification of institutions with similar activities. These are Dom.RF and SME Bank,

About what fate awaits Rostec, Rosatom, Roskosmos and Avtodor and how representatives of development institutions that will be affected by the reform, read on RBC.