Vnesheconombank, Russia’s state-owned development unit, has hired Geopolitical Solutions to a $750K one-year pact to fend off additional US sanctions.
Grace Fenstermaker, who is leaving Qorvis Communications after a seven-year stint, handles the account. Qorvis parent, Publicis Groupe, declined to take on the Russian business.
GS is to provide PR services and research “that may include meetings with US government officials and members of the media regarding potential new sanctions (not existing sanctions) that could affect the activities of VEB.RF,” according to its agreement with the International Centre for Legal Protection, which is located in Moscow.
VEB.RF arranges for financing of large scale projects to develop the economy, infrastructure and technological base to improve the quality of life for Russians, according to the federal filing.
Russian prime minister Dmitry Medvedev chairs its supervisory board.
Qorvis works or has worked with Saudi Arabia, Bahrain, Kurdistan Regional Government of Iraq, Cyprus, Brunei Investment Authority, People’s Republic of China, China Central Television, Sri Lanka Mexico, Dubai International Finance Centre, Halliburton, Massey Energy and Wells Fargo.