May 24, 2018 / 12:10 PM / 6 months ago

Putin says Russia will support VEB by providing capital

FILE PHOTO: Russian President Vladimir Putin delivers a speech as he attends the 6th Youth Judo Tournament in memory of judo trainer Anatoly Rakhlin in St. Petersburg, Russia May 23, 2018. REUTERS/Grigory Dukor

MOSCOW (Reuters) - The Russian government will support state development bank VEB by providing capital, President Vladimir Putin said on Thursday on a meeting with the bank’s head Igor Shuvalov, the former first deputy prime minister.

VEB recorded a loss of 287.7 billion rubles ($4.69 billion) in 2017 after a loss of 111.9 billion a year earlier.

Reporting and writing by Denis Pinchuk; editing by Jason Neely

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below