Rus News Journal

Vladimir Putin: the Government will be allocated to Foreign trade and investment bank 75 mlrd roubles

Today at meeting on long-term strategy of economic development of the country till 2020 with Vladimir Putin has declared readiness of the government to allocate in 2008 - 2009 in frameworks fedbjudzheta 500 billion roubles. The first assignments will be received by Foreign trade and investment bank.

First 75 billion roubles will be allocated in the budget of 2008 for increase in capital veba. I as the chairman of supervisory board (veba) have signed this decision. Now we need to support veb for a reinforcement of these actions - results RIA Novosti news agency   the statement of the prime minister.

veb, in turn, it is ready to give to banks and the commercial organisations the credit at the rate to 50 billion dollars on repayment of debts against the foreign companies.

Any Russian bank or the company can be converted into Foreign trade and investment bank for reception of the credit for repayment of debts against foreign creditors under the credits involved till September, 25th of current year. Terms of credit, of course, should be market - Putin has underlined.

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