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Alexander Isakov appointed Chief Economist of VEB.RF
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AK&M 23 October 2026 10:18

Savings Bank and WEB.The Russian Federation is expanding cooperation in the field of macroeconomic research. On XI The Eastern Economic Forum announced the appointment of Alexander Isakov, head of the Center for Macroeconomic Research at Sberbank, as Chief Economist at VEB.RF. This is stated in the message of the Savings Bank.

As Chief Economist at VEB.RF Alexander Isakov will be responsible for managing macroeconomic research, developing forecasts and analytical reports, assessing long-term trends in the development of the Russian and global economies, as well as reviewing major investment projects. 

He will combine his new position with work in Save it. The appointment will allow combining the expertise of Sber and VEB.RF. 

Alexander Isakov is a graduate of the National Research University Higher School of Economics, PhD in Economics. In 2010-2011 he worked at the Bank of Moscow and VTB 24, in 2011-2015 — at the Monetary Policy Department of the Bank of Russia, where he held the position of Chief Economist of the Modeling and Scenario Forecasting Department. In 2015-2022, he was Chief Economist for Russia at VTB Capital JSC, and in 2022-2025, he was an economist at Bloomberg Economics for Russia and Central and Eastern Europe. Eastern Europe. Since June 2025, he has been the head of the Center for Macroeconomic Research at the BEAC.

Vnesheconombank is one of the development institutions whose activities are aimed at eliminating infrastructural constraints on economic growth, increasing the efficiency of natural resource use, developing high-tech industries, unlocking the innovative and productive potential of small and medium-sized businesses, and supporting the export of industrial products and services.

Net profit of the VEB Group.The Russian Federation for 6 months of 2026 amounted to 32.4 billion rubles. 

Sberbank — Sberbank of Russia PJSC (TIN 7707083893) is the largest bank in Russia, Central and Eastern Europe. The Bank is the main creditor of the Russian economy and holds the largest share in the deposit market. Sberbank's services are used by customers in 18 countries around the world. 

The Bank has a branch network in Russia: about 14 thousand service points. The bank's foreign network consists of subsidiaries, branches and representative offices in the UK, USA, CIS, Central and Eastern Europe, India, China and other countries.

The authorized capital of Sberbank is 67.76 billion rubles and consists of 21586948 thousand ordinary shares and 1 billion preferred shares with a nominal value of 3 rubles. The main shareholder of Sberbank is the Russian Federation represented by the Ministry of Finance of the Russian Federation, which owns 50% of the authorized capital of Sberbank PJSC plus 1 voting share. The remaining 50% minus 1 voting share of the bank's authorized capital is owned by Russian and international investors.

On July 7, 2025, the AK&M rating agency confirmed the highest rating of Sberbank's non-financial statements.

Sberbank's net profit for the IFO in 2025 increased by 7.9% to 1.7 trillion rubles.

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