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Russia's VEB posts $2 bln loss for 2016
April 28, 2017 / 2:00 PM / 7 months ago

Russia's VEB posts $2 bln loss for 2016

MOSCOW, April 28 (Reuters) - Russian state development bank VEB said on Friday it suffered a loss of 111.9 billion roubles ($1.97 billion) in 2016 after making a profit of 14.9 billion roubles in 2015.

VEB also said in a statement it has to pay back $2 billion in debt this year. ($1 = 56.8806 roubles) (Reporting by Kira Zavyalova; Writing by Andrey Ostroukh; Editing by Jack Stubbs)

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