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Russia’s lender VTB requests $5 billion in subordinated loans from Welfare Fund — minister

November 20, 2014, 13:29 UTC+3
Russian Prime Minister Dmitry Medvedev will hold a meeting on Thursday to discuss this issue
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© Mikhail Japaridze/TASS

MOSCOW, November 20. /TASS/. VTB Bank, Russia’s second largest lender by assets, has requested 250 billion rubles ($5.4 billion) in subordinated loans from the National Welfare Fund, Finance Minister Anton Siluanov said on Thursday.

Russian Prime Minister Dmitry Medvedev will hold a meeting on Thursday to discuss this issue, the finance minister said.

“VTB has asked for 250 billion rubles. We’ll consider this issue today,” Siluanov said.

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