Lukewarm reaction to Russian state’s loan to struggling borrowers

Lenders to Russian companies reacted cautiously to prime minister Vladimir Putin’s announcement on Monday that $50bn would be made available to corporate borrowers to repay external funding.

  • 29 Sep 2008

The loan of up to $50bn will go to state-owned development bank Vnesheconombank (VEB), which will then pass the money on to the borrowers who request it. It can be used to repay facilities obtained before September 25 this year.

But details and the terms of the loans are ...

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