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VTB continues lending to the Russian Federation constituents

4 March 2010

Under the project aimed at supporting the Russian regions, in February 2011 VTB provided the Republic of Mari El, as well as Saratov and Tula regions with credit facilities totaling RUB 1,500 mln.

The funds will be allocated to finance first priority budget expenditures related to social stability in the regions, in particular, wages, social obligations and utility services.

Valery Lukyanenko, Member of VTB Management Board, said: “VTB has been actively cooperating with the administrations of the Russian Federation constituents and municipal institutions, helping to tackle economic, social and financial tasks of the regions”.

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