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Russian Foreign Economic Affairs Bank opens offices in Abu Dhabi and Bahrain

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Russian Foreign Economic Affairs Bank opens offices in Abu Dhabi and Bahrain

The Bank for Development and Foreign Economic Affairs (the VEB) of Russia will soon open its offices in Abu Dhabi and Bahrain, the head of bank, Sergey Gorkov announced, speaking at a plenary session of 2017 KazanSummit.


“A new strategy of the VEB assumes the orientation on the Middle Eastern countries and the Islamic world. We assume that the bank will soon open an office in Abu Dhabi, we plan to open leasing in Iran, as well as a branch in Bahrain and in a number of other countries,” Gorkov said.

In Bahrain, within a program supporting grain exports, the VEB might finance the construction of a logistics center, Sergey Gorkov added.

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