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Russia: Bank of Russia injects around RUB 128.7 billion in the capital of MinBank JSC

Description

On 12 July 2019, the Bank of Russia announced it would inject RUB 128.7 billion (USD 2.075 billion) into the capital of Moscow Industrial Bank (MInBank) to prevent its bankruptcy.  Following the relea...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

12 Jul 2019

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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