A bank called the Bank for Foreign Economic Affairs of the USSR does not at first glance appear to have a very promising future. Even its chairman describes it as an ugly animal that probably has no equivalent anywhere in the world. All the same Andrei Kostin, boss of Vnesheconombank, as it is better known, has high hopes for it.
Although still 100% owned by the Russian government, Vnesheconombank is trying to carve out a role as a commercial bank with a trade finance and capital markets focus.
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