Krasnodar FC beats Crvena Zvezda 3:2 in Europa League play-off first leg matchSport August 17, 22:45
Putin offers condolences to King of Spain over Barcelona attackRussian Politics & Diplomacy August 17, 22:37
Russia condemns terror attack in BarcelonaRussian Politics & Diplomacy August 17, 21:32
Russian lawmaker calls on Europe to join efforts in war on terrorRussian Politics & Diplomacy August 17, 21:03
Australia-born track cyclist Perkins says excited to become Russian citizenSport August 17, 20:04
Van rams into pedestrians in BarcelonaWorld August 17, 19:33
Moscow sees chance to improve Russia-US tiesRussian Politics & Diplomacy August 17, 18:47
Russian cosmonauts launch several nanosatellitesScience & Space August 17, 18:42
Deputy PM Mutko pledges to reinstate Russia’s membership with IAAF in nearest futureSport August 17, 18:22
The government approved the program in October and it will give $8.2 billion loans until 2018 to support local investment projects.
An international financial organization must establish an affiliate under intergovernmental agreement with Russian authorities to participate in the program, the ministry said.
A bank submitting application must have an experience of public placement of securities in Russia, and it must have at least 20% capital adequacy rate. The bank’s share of loans given to Russian companies or invested in Russian bonds must stand at least at 25%.
A Russian bank must have at least $1.6 billion of own funds and an experience of participation in at least 10 investment projects over the last three years, with each amounting to $49.4 million and more, to be eligible.