Telegram included in register of Internet information distributorsBusiness & Economy June 28, 20:56
Putin points to growing activities of foreign secret services against RussiaRussian Politics & Diplomacy June 28, 20:36
FIFA chief Infantino to attend Chile-Portugal 2017 Confederations Cup semis match in KazanSport June 28, 20:27
Lavrov expects US to refrain from creating pretexts for new attacks on SyriaRussian Politics & Diplomacy June 28, 20:09
Top diplomat says Germany willing to open new chapter in relations with RussiaWorld June 28, 19:28
Russia open for cooperation with Germany in war on terror, Lavrov saysRussian Politics & Diplomacy June 28, 19:22
Baltic Fleet’s fighter jets hold air combat drills in Russia’s westernmost regionMilitary & Defense June 28, 18:57
Russian telecom watchdog to include Telegram in registerBusiness & Economy June 28, 18:51
Skolkovo Foundation proactively cooperating with China — IT projects directorBusiness & Economy June 28, 18:41
MOSCOW, October 4 (Itar-Tass) - Russian Finance Minister Anton Siluanov says he is cautious about the idea of using money from the National Welfare Fund to disburse loans for small and medium business.
“I am very cautious about this idea,” he told reporters on Friday.
On Thursday, Prime Minister Dmitry Medvedev instructed the government within one month to study risks of using money stored at the National Welfare Fund for loans to such enterprises. “If these risks are exorbitant, we will not do this, if they are acceptable, we will act this way,” he said.
The Economic Development Ministry proposes to use money of the National Welfare Fund to issue loans through VTB Bank to commercial banks that will extend loans to business, Siluanov said. “It would be much easier to bring commercial banks’ securitized loans due for small business to the Central Bank and to get financing from there,” he said, recalling that he met bankers financing small business on Thursday. “They are quite satisfied with such instruments and it would be much better to do this than to use money stored at the National Welfare Fund.”