Russia to use oil wealth fund for bank loans-Kudrin

MOSCOW | Tue Oct 7, 2008 8:42am EDT

MOSCOW Oct 7 (Reuters) - Russia will use one of its oil wealth funds to fund 450 billion roubles ($17.19 billion) of the 950 billion rouble subordinate loans package for banks, Finance Minister Alexei Kudrin said on Tuesday.

The 450 billion "will come from one of the funds which we have," Kudrin said.

Russia's two oil wealth funds totalled $189.7 billion on Oct. 1.

(Reporting by Gleb Bryanski, writing by Toni Vorobyova)

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