Wednesday, June 1, 2011

Russia has earned on the crisis 200 billion rubles.

About 200 billion rubles, Russia has earned on financial assistance to the banking system during the crisis. This was stated by Prime Minister Vladimir Putin, speaking on Wednesday, April 20, with a report on the results of government activities in 2010 in the State Duma. "We believe the adopted (in crisis) decision to support the financial and credit system effective. As a result, the state not only has earned more than 200 billion rubles on helping banks, but has received funds - has sent them to the solution of social problems "- quoted by Interfax," Putin's words. We are talking about unsecured loans, which the central bank began to provide banks during a liquidity crisis, as well as subordinated debt securities and Vnesheconombank. "I want to say again - the state did not help the individual bankers, not to individuals. We defended our credit and financial system, not to repeat the situation of 1998, when it actually came down, "- said Putin. The agency notes that the amount owed to the Central Bank's unsecured loans peaked in February 2009 when it amounted to 1.924 trillion rubles. In fact, loans without collateral used nearly 200 banks. The only major default on unsecured loans still allowed the International Industrial Bank ex-senator Sergey Pugachev.

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