Lukewarm reaction to Russian state’s loan to struggling borrowers as refi risk looms

02 Oct 2008

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.

A loan of up to $50bn will go to state owned development bank Vnesheconombank (VEB), which will then pass the money ...

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