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VTB Lends to the Moscow Region Budget

25 June 2010

VTB Bank has provided the Moscow Region government with RUB 4 bln loans for a three-year period.

The funds will be used to cover budget deficit and repay government debt liabilities of the region.

Valery Lukyanenko, Member of VTB Management Board said that the funds were allocated under the Russian regions support program to further strengthen and develop mutually advantageous financial and economic relations between VTB and the Moscow region.

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