OREANDA-NEWS. December 15, 2008. VTB continues lending to constituent entities of the Russian Federation. Under the project to support Russian regions, the Bank provided RUB 800 million for up to one year to the Republic of Buryatia and RUB 195 million for 12 months (366 days) to the Ivanovo region. The loans were approved by the RF Ministry of Finance, reported the press-centre of VTB Bank.

The governments of these constituent entities will cover the main budget expenditures with the borrowed funds to safeguard the social and economic stability in the regions.

VTB actively cooperates with the Russian Federation constituent entities and municipalities providing assistance in priority economic, social and financial objectives.