MOSCOW, July 12 (RIA Novosti) - A bill on the Federal Bank for Foreign Trade and Development could be submitted to the lower house of parliament in fall, the head of the state-run foreign economic bank Vnesheconombank (VEB) said Wednesday.
"The conditions are good for the bill to be submitted to the State Duma in September," Vladimir Dmitriyev said.
The Ministry of Economic Development and Trade earlier proposed that the government establish a state-run Bank for Development to include Vnesheconombank, the Russian Bank for Development (RosBR) and Roseximbank.
The VEB chairman said the Development Bank could be established by the end of this year.
Dmitriyev earlier said the new Development Bank would have assets worth about $30 billion.
"The bank's assets could reach $30 billion, and this is a substantial sum, which could be spent on the implementation of major investment projects," Dmitriyev said.
