IAAF approves application of three Russians to compete as neutral athletesSport February 24, 1:43
US lawmakers present no evidence of Russia’s interference in US election - Russian MPRussian Politics & Diplomacy February 23, 21:42
Russia to continue strengthen its Armed Forces - PutinRussian Politics & Diplomacy February 23, 21:37
4,000 Russian nationals fight among militants in Syria - PutinRussian Politics & Diplomacy February 23, 21:31
Opposition’s demand of Assad’s immediate resignation absurd - Russian envoy to GenevaRussian Politics & Diplomacy February 23, 16:34
Moscow celebrates Defender of the Fatherland DaySociety & Culture February 23, 16:19
ISS astronauts capture Dragon with manipulatorScience & Space February 23, 14:36
Vitaly Churkin’s body delivered to RussiaRussian Politics & Diplomacy February 23, 12:30
Ukrainian military shell Donetsk water purification plantWorld February 23, 11:45
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.”