LONDON, February 4 (RIA Novosti) - The Russian government is planning to allocate another $40 billion to recapitalize the domestic banking system, Finance Minister Alexei Kudrin said on Wednesday.
Kudrin said last year the Russian government had granted Russian banks subordinated loans worth 900 billion rubles ($25 billion).
"Currently, we are preparing another package worth $40 billion to support Tier 1 and Tier 2 capital - core capital, and subordinated loans to banks, including for private banking institutions," Kudrin said.
Kudrin said support of the banking system was the key component of the government's anti-crisis policy.
