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Russian Federation: Bailout of Moscow Industrial Bank (MInBank)

Description

On 29 April 2021, the Russian central bank announced it will allocate 24.3 billion rubles (USD 312 million) to buy out non-performing assets of the Moscow Industrial Bank (MInBank) and prevent the lat...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

29 Apr 2021

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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