Bank of Russia to Provide 2.5 bln Deposit to Vnesheconombank
OREANDA-NEWS. September 30, 2008. In order to stabilize the Russian banking sector, the Bank of Russia, by agreement with the Government of the Russian Federation, made a decision to provide financial resources worth 2.5 billion US dollars in the form of deposit for a period of 1year to Vnesheconombank.
The funds will be used to enable OJSC AKB Svyaz-Bank to fulfill its obligations to customers and counterparties.
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