29.01.2009, 18:20
Russian Govt Discusses Additional Banking Sector Support
OREANDA-NEWS. January 29, 2009. The Russian government is just discussing possible figure for additional support to the banking sector, First Vice PM Igor Shuvalov said at a briefing in Davos. According to him, there was a detailed conversation about the current situation, including bad debts and what times the banking system will go through in 2009-early 2010 at the meeting with representatives of private banks devoted to stability of the Russian economy held this Monday. “We reached an agreement with them to work for another week and meet next Monday” Shuvalov explained. We are accumulating material in order to adopt a final decision which has not yet been taken so that we could propose actual measures to the government in 10 days”. As for support to the banking sector, according to the First Vice PM, “any amount” could be in the offing.
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