Moscow
MIN +20
MAX +32
Partly Cloudy / 11:01 AM / Traffic

VEBТs $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)

The Moscow Times is happy to serve as a platform for intelligent and constructive discussion.
Any comment deemed non-constructive, personal attacks, spam and abuse will not be tolerated and will lead to you being banned from our website.
comments powered by Disqus