` Central Bank of Russia will Support Banks through the Setting-Up of New Refinancing Programs ‘

#AceFinanceNews – GORKI – April 08 – The Central Bank of Russia will support banks through the setting up of new refinancing programs with terms up to three year for the implementation of high-efficient investment projects, Finance Minister Anton Siluanov told reporters summing up results of Tuesday’s meeting with the prime minister.

Participants in the meeting focused on the development of the Russian banking system.This step will guarantee more resources to the banking system without the hike in the cost of borrowings, and without the growth of rates on the banking market, Finance Minister Anton Siluanov says.

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