On Refinancing Russian Companies’ Obligations to Foreign Financial Institutions
Vnesheconombank’s Supervisory Board considered issues of refinancing Russian companies’ obligations to foreign financial institutions with an aim of implementing Federal Law dated 13.10.2008 N 173-FZ “On Additional Measures for Supporting the Financial System of the Russian Federation”.
The Supervisory Board approved Vnesheconombank’s participation in refinancing a number of transactions of companies operating in the metal mining industry and microelectronics, the operation of which is of great socio-economic importance to the Russian Federation, with these transactions being worth about 2 billion US dollars.
Thus, the total amount of transactions approved by the Supervisory Board in refinancing real- sector companies’ foreign obligations is about 10 billion US dollars.
Origin: Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-45-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru
Vnesheconombank Starts to Refinance Russian Companies’ Debt Obligations to Foreign Financial Institutions
Under Federal Law dated October 13, 2008 N 173-FZ “On Additional Measures for Supporting the Financial System of the Russian Federation” and pursuant to decisions taken by the Supervisory Board, Vnesheconombank started to refinance Russian companies’ debt obligations to foreign financial institutions. Funds in the total amount of 7.8 billion US dollars have been allocated to a number of companies in the fuel and energy complex, smelting industry, construction sector, transport and communications industries.
Origin: Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru
