In 2027, VEB.RF will reduce its budget and plans to release 15%. employees – said the bank's head, Igor Shuvalov, at a meeting of the Federation Council's committee on economic policy.
He noted that the reductions in VEB are taking place in conditions of “credit cooling” of the economy, which, according to Shuvalov, is being carried out by the Central Bank. “We issued an order 10 days ago. This time we are reducing 15% and reducing the budget of our organization in order to achieve the set budget parameters for 2027.” — Shuvalov is quoted by Reuters.
According to the head of VEB, the spending cuts are related to government guidelines, and next year they will affect subsidiaries of the VEB group.
According to Get Experts estimates last year 25 percent Russian companies carried out employment reductions due to the deterioration of the economic situation. Steelworks were forced to lay off around 3,000 people after demand for steel in the country fell by 15% and several large plants, including the Magnitogorsk Steelworks Kombinat, began to make losses.
Sberbank released up to 20 percent. employees, and another 13 banks reduced employment by up to 40%. In 2026, the wave of layoffs was initiated by “Yandex”; About 2,000 workers were put on the streets by “Kamaz”, which last year recorded a record loss of 43 billion rubles (PLN 2.1 billion).
According to its own reports, VEB ended last year with a profit of 89.4 billion rubles (PLN 4.4 billion). During the year, the government pumped 407 billion rubles (PLN 20.2 billion) into the bank from the National Welfare Fund, which made VEB the largest single recipient of funds from the fund.
Funds from FNB flowed into VEB every month: in January, February, March, May and December it received subordinated deposits (a total of 214 billion rubles, or PLN 10.6 billion), and from April to December – another 193 billion rubles (PLN 9.6 billion) in regular deposits.
