Russia to allocate $ 40 billion anti-crisis in Europe spread
At the same time, the Russian government is re-embarked on one plan to recapitalize the banking system.
Russian Ministry of Finance Anton • West LuAn panov, (Anton Siluanov) after taking office last year for the first time a foreign newspaper interview, the Russian government agreed to establish a value of 500 billion rubles ($ 15.4 billion) reserve system, for the next year “anti-crisis initiatives to provide direct financing”.クリスチャンルブタン Very Prive 120mm パテントレザー ブラック プラットフォーム
He said these measures include support to social security aspects of people in need “and” systemically important companies, as well as a recovery in 2009, but the implementation of the plan: that is to commence on bank recapitalization, the approach is oriented Bank on sale of treasury bonds, these bonds in exchange for banking shares.
This year, Russia from the Oil Reserve Fund the Reserve Fund, out of up to 800 billion rubles, so that the average oil price of less than $ 117 a barrel (located in the level of oil prices, Russia’s budget can be done balance of payments) to fill any potential budget gap. The oil reserve fund is a fund established by Russia to deal with any unexpected funds from Russia’s oil revenues.
In addition, Russia is also this year’s budget set aside up to $ 4.4 billion to provide government guarantees for business loans – of which 800 million U.S. dollars has been allocated to continue. The move is a continuation of the anti-crisis measures introduced in 2009.
West LuAn panov said: “we are almost ready with all the necessary measures so that the deterioration of the situation can quickly spend them.”
“The problem is that of the last crisis erupted in early 2009, we spent a lot of time to master the crisis situation … not the speedy implementation of these measures, lost the opportunity to respond quickly.”グッチフラップフレンチ財布
Compared with the high point reached in March this year, Russia’s main stock market has fallen more than 20%. The ruble is fallen 13 percent because of market concerns about the euro zone crisis, while oil prices fell to about $ 100 a barrel exacerbated investor anxiety – they worry about a further decline in oil prices will harm the Russian economy.
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