Ceasefire agreements signed with 15 more Syrian settlements — Russian Defense MinistryWorld October 22, 0:39
Russian State Duma speaker confirms readiness to meet PACE presidentRussian Politics & Diplomacy October 22, 0:15
Ukraine’s new anti-Russian sanctions to take effect on October 31World October 21, 21:22
Kremlin says Egypt’s rumored sale of Mistrals for $1 is ‘utter nonsense’Russian Politics & Diplomacy October 21, 21:13
Source: Mi-8 helicopter with 22 people onboard makes crash landing in YamalSociety & Culture October 21, 20:15
Source says 'Gray money' tax may cover up to 5 mln RussiansBusiness & Economy October 21, 20:07
UN Human Rights Council passes resolution on AleppoWorld October 21, 19:52
Russian Justice Ministry refuses to transfer jailed filmmaker to UkraineRussian Politics & Diplomacy October 21, 19:44
Brussels says Belgium’s position on Hassadjek village bombing remains unchangedWorld October 21, 19:30
Both banks — VTB and Rosselkhozbank — in June came under the EU and US sanctions, banning their medium-and long-term financing in EU countries and in the United States. The debt conversion will allow the banks to increase their Tier I capital, which will improve their financial stability.According to the Russian Finance Ministry, the NWF volume as of August 1, 2014 stood at 3,088.79 billion rubles ($85.353 billion).
Russian President Vladimir Putin at the St. Petersburg International Economic Forum in May promised support to the national banking sector. He said then that “capitalization of the systemically important Russian banking and financial institutions, including by conversion of subordinated loans into preferential shares, which will expand the banks’ business loan capacity and cut the loans’ cost, will be increased.”
Russia’s major banks (Sberbank, VTB, Rosselkhozbank, Gazprombank and others — a total of 17 banks) received state loans during the 2008-2009 crisis.