At the end of June, Vnesheconombank signed agreements to sell its stake to Vneshtorgbank, the Soviet Union's former foreign trade bank, and Banque Commercial pour l'Europe du Nord-Eurobank, a Russian-owned bank set up in France during the Soviet regime.
Krasavtsev explained that under a December presidential decree, Vnesheconombank must limit its activities to servicing the former Soviet Union's foreign debt and governing former Soviet assets abroad.
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