October 16, 2017 / 4:06 PM / 8 months ago

Russian Finance Ministry in talks with VEB to provide it with long-term liquidity

MOSCOW (Reuters) - Russian Finance Minister Anton Siluanov said on Monday he was in talks with state-owned development bank VEB’s head Sergei Gorkov to provide the bank with long-term liquidity after the ministry cut annual support to VEB by a third to 100 billion rubles ($1.75 billion) in September.

FILE PHOTO: Russian Finance Minister Anton Siluanov leaves after G-20 finance ministers and central bank governors family photo before a plenary session during the IMF/World Bank annual meetings in Washington, U.S., October 12, 2017. REUTERS/Yuri Gripas

“(It’s being discussed) providing long-term liquidity that will help VEB to compensate the (state) support cut”, Siluanov said.

Reporting by Darya Korsunskaya, writing by Denis Pinchuk. Editing by Jane Merriman

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