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REC Board of Directors Appoints a New CEO and Confirms Achievement of 2019 Targets in Full

6 february 2020

The Board of Directors of Russian Export Center JSC (REC) has made a decision to replace Andrey Slepnev, the current CEO of REC, by Veronika Nikishina, who has been a member of the Trade Board of the Eurasian Economic Commission (Minister) since 2016. Apart from that, the Board of Directors has confirmed achievement of the 2019 REC corporate performance indicators in full.

Last year, REC supported a total export volume of US$19.5 bln, while the target was US$17.2 bln. This is the highest value in the history of this state-owned institution established to support the development of non-resource non-energy exports sector. The figure grew by 3.7% in comparison with 2018 (the supported export volume was US$18,8 bln), 35.4% in comparison with 2017 (US$14.4 bln), 107.4% in comparison with 2016 (US$9.4 bln) and 195.5% in comparison with 2015 (US$6.6 bln).

A number of high-profile transactions were closed to export engineering products to Cuba, Egypt and Uzbekistan, implementation of projects in Turkmenistan was supported, large shipments of agroindustrial products were made to China, EAEU and EU. REC was one of the key promoters of the Russia-Africa Year, which held the Russia-Africa Economic Conference jointly with Afreximbank and acted as a co-promoter of the Russia-Africa Forum on the sidelines of the Sochi Summit. This resulted in creation of an institutional financing facility for trade operations with more than 10 African countries.

A target of 11 thousand supported exporters was also achieved. The number of exporters, which were supported in 2019, exceeded the target by 3% and the same value for the last year – by 8%.

Thus, in 2019, REC Group’s financial instruments were used to support 12.6% of the total Russian non-resource non-energy export volume and considering the support REC provided as agents and promoters, the figure was 17.6%, which meets the best global benchmarks.

Last year, we did a big job to set up state export support measures. As a result, the export support volume reached the highest level in the modern Russian history. We paid special attention to promoting high-tech products, in particular engineering ones, and a number of high-profile transactions closed is a clear evidence to my words. An updated range of products for small and medium businesses was launched; approximately 600 companies from the SME sector completed various acceleration programs offered by REC. To promote export, we initiated the Exporter of the Year award, which involved more than 1,600 exporters. We paid significant attention to improving our performance as agents to grant subsidies. REC is facing a challenging task to achieve the national project targets. I am sure that the new management of the center will be successful in tackling the challenge. I am, in turn, set to assist in completing all tasks related to the International Cooperation and Export national project at my new job in Eurasian Economic Commission

Andrey Slepnev
CEO of REC JSC

Pursuant to the decision of the Board, Andrey Slepnev will leave his office from February 9, while Veronika Nikishina will take the position on February 10. Upon completion of all intergovernmental approval procedures, Andrey Slepnev will take the office of the Trade Minister of the EEC.


I have been working in close contact with Veronika Olegovna for many years. She has connected her professional career with the development of trade and export and stood at the origins of the Russian Export Center. Her experience will serve further expansion of REC activities to develop the non-resource non-energy export sector and completion of challenging tasks set by the national project. On behalf of the whole VEB.RF team and development organizations, I would like to thank Andrey Slepnev for the work he has completed, and I am sure that close interaction between Veronika Olegovna and Andrey Aleksandrovich in their new positions will be further continued

Igor Shuvalov
Chairman of VEB.RF and Chairman of the REC Board of Directors



REC has already come a long way in its development. However, we have still a lot to do to provide the center with new qualities so that it is perceived by all exporters as an advanced, reliable and most client-focused partner. A partner, which understands exporters’ problems and affords quick and efficient assistance in solution of the same

Veronika Nikishina


BACKGROUND

Veronika Olegovna Nikishina

Veronika Nikishina held senior positions in the Ministry of Economic Development of the Russian Federation being a Deputy Director in the Department of Trade Negotiations and heading the Department of American Countries and the Department of International Business Coordination, Development and Control.

With a record of 17 years of work in the Ministry of Economic Development of the Russian Federation, Veronika Nikishina has a vast experience in identification and removal of various trade barriers, implementation of trade protection measures, veterinary, sanitary and phytosanitary measures, as well as an extensive experience in holding international negotiations.

Before she was appointed a member of the Board of the Eurasian Economic Commission, she held the office of an Assistant First Vice-Chairman of the Government of the Russian Federation.

Veronika Nikishina was appointed a member of the Trade Board of the Eurasian Economic Commission (Minister) in February 2016. She was responsible for a number of key areas for the Eurasian Economic Union, such as customs tariff and non-tariff regulation, establishment of preferential trade conditions with third countries (Free Trade Zones), implementation of protective measures by the Eurasian Economic Union.

PhD in Economics, defended a thesis on Management of Access to Foreign Markets for Russian Goods in Modern Conditions.

Andrey Aleksandrovich Slepnev

Born on September 13, 1969 in Bor, Nizhny Novgorod Region.

Andrey Slepnev finished Lobachevsky University of Nizhni Novgorod majoring in Applied Mathematics and Lomonosov Moscow State University majoring in Law.

He started his career in insurance, where it took him several years to make his way from a Project Manager to the CEO of the Russian Association of Motor Insurers.

2003 – 2005: Deputy General Director of the Coordination Board of the Associations of Russian Employers.

2005 – 2007: Director of the Department of Priority National Projects at the Presidential Administration of the Russian Federation.

In 2007, he took the office of the Deputy Minister of Agriculture of the Russian Federation, in 2009 – Deputy Minister of Economic Development of the Russian Federation.

February 2012 – January 2016: a member of the Trade Board of the Eurasian Economic Commission (Minister).

February 2016 – April 2018: held the positions of an Assistant Chairman of the Government of the Russian Federation D.A. Medvedev, Deputy Head of the Executive Office of the Government of the Russian Federation – Director of the Projects Department of the Government of the Russian Federation.

May 1, 2018: appointed the CEO of Russian Export Center JSC.

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