International Practical Conference «Russian Financial Market» International Practical Conference «Russian Financial Market»
SMALL AND MEDIUM BUSINESS AS THE BASE OF THE STABLE CIVIL SOCIETY
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News

27/09/2007

The Government has decided to understand why Russian companies is difficult to obtain loans in domestic banks, and they have to appeal to foreign credit institutions. This raised the question of Prime Minister Viktor Zubkov at a government meeting on Thursday. Calling the situation "an outrage" and "shame" the head of the government instructed Vice Premier, Finance Minister Alexei Kudrin to understand this issue

As an example, V. Zubkov led a situation where one of the Penza enterprises has not been able to get a loan from Russia's VTB. As a result, credit has been received in one of the Czech banks by 4.5 percent. annum, while VTB loan, and therefore not given, offered by 14 percent. annum.

"Why do we say that the large drawing in the West? Because our banks do not pay attention to the needs of Russian industry, the complete indifference," - said V. Zubkov.

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