Global Trade Alert
Global Trade Alert

Russian Federation: Recapitalisation of the state-owned Vnesheconombank

Announcement

04 Feb 2016

On 4 February 2016, the Russian Government approved Resolution No. 150-p. It authorises the allocation of state funds to the State Corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)" in order to provide it with additional capital and to ensure its financial stability.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

04 Feb 2016

Revocation date:

No revocation date

Updated: 04 Feb 2016
Capital injection and equity stakes (including bailouts) In force

The total amount of the allocated state funds under Resolution No. 150-p of 4 February 2016 is 100 billion Russian Roubles (approximately 1.26 billion USD per the official USD/RUB exchang...

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