Thursday 27 March 2014

Russia To Aid Banks, Companies in Case of Crisis - Finance Ministry | Business | RIA Novosti

Russia To Aid Banks, Companies in Case of Crisis - Finance Ministry | Business | RIA Novosti:



"MOSCOW, March 27 (RIA Novosti) – Russia will support banks and help companies with large external debts by using the National Welfare Fund if a financial crisis occurs in the country, Prime news agency cited Finance Minister Anton Siluanov as saying on Thursday.



“The NWF is an emergency resource that can be used in the case of a crisis to help banks and large companies and corporations that have large obligations before external creditors,” Siluanov said, adding: “But I don’t see any grounds for this yet.”"



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