Russia to allocate another $36 billion to local banks
Russia to allocate another $36 billion to local banks October 7th, 2008 NEW YORK (MarketWatch) — Russian President Dmitry Medvedev said Tuesday that the government has decided to allocate 950 billion rubles, or about $36 billion, in subsidized credits to a number of Russian banks for a period of no less than five years, according to a statement published on the Kremlin’s website. The latest measure comes after the Russian government has already pledged some $170 billion in financial relief
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