OREANDA-NEWS. November 25, 2008. Vnesheconombank’s Supervisory Board considered issues of refinancing Russian companies’ obligations to foreign financial institutions with an aim of implementing Federal Law dated 13.10.2008 N 173-FZ “On Additional Measures for Supporting the Financial System of the Russian Federation”.

The Supervisory Board approved Vnesheconombank’s participation in refinancing a number of transactions of companies operating in the metal mining industry and microelectronics, the operation of which is of great socio-economic importance to the Russian Federation, with these transactions being worth about 2 billion US dollars.

Thus, the total amount of transactions approved by the Supervisory Board in refinancing real- sector companies’ foreign obligations is about 10 billion US dollars.