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VEB’s $3.3Bln From Funds

Vneshekonombank made 100 billion rubles ($3.3 billion) from investing money from one of the country’s two sovereign wealth funds, chief executive Vladimir Dmitriyev said, RIA-Novosti reported.

The bank got 175 billion rubles from the National Welfare Fund in 2008 and will use the returns to support mortgage lending, infrastructure projects and “investors,” Dmitriyev told President Dmitry Medvedev.

(Bloomberg)

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