Vladimir Putin ready to provide banks with up to Rub 150 bln if crisis hits
2012-10-04 09:04:11
Anti-crisis measures, which include the redistribution of budget spending, including recapitalization of the banking system for up to Rub 150 bln, as required, are provided for 2013, Russian President Vladimir Putin said at the VTB Capital-sponsored investment forum Russia Calling!, a Banki.ru correspondent said.
If need be, the politician specified banks will be supported by swapping federal loan bonds for securities of banking lending institutions. “In the aggregate, these measures will make it possible to stabilize the national economy virtually in any situation," the President is convinced.
He also added that “there are plans to boost investments to at least 15% of GDP until 2015”.