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“Vneshikonombank” gives $2 billion to the mining industry

Submitted on Sunday, 23 November 2008No Comment

The council of “Vneshikonombank” (VEB) approved the participation of the bank in the refinancing of numerous deals of mining and microelectronics companies, whose work has an integral part in the social-economic development of Russia.

The overall sum of the approved refinancing is two billion dollars, announces the VEB communique. The decision was taken in accordance with the course of the federal law “Additional measures to reinforce the financial system of Russia”, announced PRIME-TASS.

With this sum, the total ammount of approved by the VEB council refinancing deals of foreign debts reacjes about 10 billion leva, informs BGNES.