Vnesheconombank Starts to Refinance Russian Debt Obligations
OREANDA-NEWS. November 1, 2008. Under Federal Law dated October 13, 2008 N 173-FZ “On Additional Measures for Supporting the Financial System of the Russian Federation” and pursuant to decisions taken by the Supervisory Board, Vnesheconombank started to refinance Russian companies’ debt obligations to foreign financial institutions. Funds in the total amount of 7.8 billion US dollars have been allocated to a number of companies in the fuel and energy complex, smelting industry, construction sector, transport and communications industries.