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Russia's Central Bank to Lend $1.9 Billion in First Bank Bailout

A woman walks out of a branch of Trust Bank, with an advertisement for the bank, featuring an image of Hollywood actor Bruce Willis seen in the window, in Moscow.

Russia's Central Bank will provide a 99 billion ruble ($1.9 billion) 10-year loan to mid-sized Trust Bank to help it avert bankruptcy, in Russia's first bailout this year amid a steep devaluation of the ruble.

The Central Bank said in a statement it will also provide a 28 billion ruble, six-year loan to bank Otkritie which will oversee the rescue mission for Trust.

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