Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Russian Government May Give Gazprombank $2 Billion in Aid

People walk past an office of Gazprombank in central Moscow.

Russia's economy minister said Monday that the government was in talks over granting state-controlled bank Gazprombank up to 100 billion rubles ($2.23 billion) in state aid from the National Wealth Fund to boost its capital.

Gazprombank, Russia's third-largest bank, has been sanctioned by the European Union and United States over Russia's role in the Ukraine crisis, restricting its access to international capital markets.

Separately, the state is discussing giving its second largest lender VTB aid of up to 250 billion rubles. 

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more