Wednesday, June 1, 2011

VTB will help Ukraine in cash

VTB, the second Russian bank by assets today officially announced that Ukraine may be granted to the bridge loan by $ 500 million in the transaction. This is related by RIA Novosti news service of VTB. Recall that last week, on Friday, the deputy head of the Ministry of Economic Development (MED) Klepach said. What's VTB ready to provide untied loan to Ukraine to finance its budgetary expenditures. Obviously, the decision to grant such a loan was made at the highest level. Note that VTB - more than 60% state-owned bank. Following the meeting of the Committee on Economic Cooperation of the Russian-Ukrainian interstate commission, Prime Minister Vladimir Putin said that VTB may soon provide the Ministry of Finance of Ukraine to $ 500 million. As explained in the bank, VTB Capital, will co-lead managers of bonds in Ukraine in the global debt market (this is to issue bonds). "The relevant negotiations are ongoing with the Ministry of Finance of Ukraine", - said the press service. Last week, the Verkhovna Rada of Ukraine adopted a deficit budget for 2010, revenues are planned at a rate of more than 267.4 billion hryvnia, expenses - 323.5 billion hryvnia. The official rate of National Bank of Ukraine from May 5 - 7.9259 hryvnia for one dollar. However, while the Ukrainian government has officially requested the loan is not.

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