System-banks would be supported by the Ministry of Finance

System-banks would be supported by the Ministry of Finance

Newsroom Russian Ministry of Finance reported that the authorities will undertake a series of measures to support Russia's financial system. In particular, the limit will be increased deployment of free treasury funds in bank deposits. Also support will be provided system-banks - an increase of placement and timing of the deployment limits.

Thus, Sberbank, VTB and Gazprombank will be asked to raise funds on deposit federal budget for a period of three months or longer. Limit placement of funds in these banks increased to 1 trillion. 126.6 billion rubles. Given the increasing limits placement of funds in Sberbank, VTB and Gazprombanke total placement of funds increased to 1514 trillion. rubles.

Also scheduled to make a change in budgetary legislation, the possibility of placing funds in the budget, bank deposits in 2008, returning funds in 2009.