VEB Acquires Stake in Non-State Pension Fund Blagosostoyanie
Posted on 12/30/2019
On December 26, 2019, Russia’s state development bank Vnesheconombank (VEB) purchased a stake in Blagosostoyanie. Blagosostoyanie is one of the largest non-state pension funds in Russia. Blagosostoyanie is not involved in the managing of Russian state pensions. Blagosostoyanie registered as a non-state pension fund on February 19, 1996. In 1999, Russia’s Ministry of Transport approved […]
