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VTB lends $226 mln to Moscow Region government
VTB lends $226 mln to Moscow Region government
VTB has lent 6.5 billion rubles ($226 mln) to the government of the Moscow Region which is facing financial problems, Russia's second largest bank said 26.11.2009, Sputnik International
2009-11-26T12:33+0000
2009-11-26T12:33+0000
2009-11-26T12:33+0000
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VTB lends $226 mln to Moscow Region government
VTB has lent 6.5 billion rubles ($226 mln) to the government of the Moscow Region which is facing financial problems, Russia's second largest bank said
MOSCOW, November 26 (RIA Novosti) - VTB has lent 6.5 billion rubles ($226 mln) to the government of the Moscow Region which is facing financial problems, Russia's second largest bank said on Thursday.
The regional government will spend the two-year loan on primary budget expenses, including social programs.
Cooperation between VTB and the Moscow Region authorities was made possible under a relevant agreement.
