Finance Safety

EU banks refinance Russian companies — deputy premier

Economy

 December 25, 20:13 UTC+3
Many banks decide to refinance debts, there is no absolute ban on relations with Russia, Deputy Prime Minister Arkady Dvorkovich says

Arkady Dvorkovich

© Mikhail Metsel/TASS

MOSCOW, December 25. /TASS/. Many EU banks refinance debts of Russian companies, there is no absolute ban on relations with Russia, Deputy Prime Minister Arkady Dvorkovich said in an interview to Rossiya 24 TV channel Thursday.

“European banks are positive towards continuing cooperation with our companies, and many banks decide to refinance debts. There is no absolute ban on relations with Russia,” Dvorkovich said.

He also said the country’s government will work out supportive measures for the producing sectors of Russian economy, including agricultural, defense, transportation and construction industries.

In July, the EU banned its credit institutions from granting over-30-day loans to five major Russian banks Sberbank, VTB, Gazprombank, Russian Agricultural Bank and Vnesheconombank.

Source: http://itar-tass.com/en/economy/769277