what is veb
www.veb.ru/en/. Vnesheconombank (VEB) (Russian: Ð²Ð½ÐµÑÑÐºÐ¾Ð½Ð¾Ð¼Ð±Ð°Ð½Ðº (Ð²ÑÐ±)) is a Russian state corporation (a non-profit) that is a former Soviet bank. Vnesheconombank has no Russian banking license (i.e. Vnesheconombank is not a bank) and is not subject to the law on banks and banking activities.