May 12, 2020 / 3:02 PM / 15 days ago

Russian Agricultural Bank to get $137 million capital injection

MOSCOW, May 12 (Reuters) - Russian Agricultural Bank, one of the country’s biggest lenders, will get a 10 billion rouble ($137 million) capital injection from the state this year, a document published on the government’s website showed on Tuesday.

The bank regularly gets state support to continue lending to the country’s agriculture sector, which got a boost after Russia banned most food imports from western nations in response to sanctions imposed against Moscow in 2014. ($1 = 73.1720 roubles) (Reporting by Tatiana Voronova; Writing by Katya Golubkova; Editing by Alexander Smith)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below