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Russia to inject USD 40 bn in banking sector

In connection with a deepening financial and economic crisis, the Russian government intends to allocate another 40 billion dollars to support the banking sector, Russian Deputy Prime Minister and Finance Minister Alexei Kudrin said at the opening of the Asian Financial Forum today.

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In connection with a deepening financial and economic crisis, the Russian government intends to allocate another 40 billion dollars to support the banking sector, Russian Deputy Prime Minister and Finance Minister Alexei Kudrin said at the opening of the Asian Financial Forum today.

According to Kudrin, anti-crisis measures taken by Russia are first of all based on support for liquidity of banks, capitalisation of the banking system.

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