Russia will support banks and help companies with large external debts by using the National Welfare Fund if a financial crisis occurs in the country, Prime news agency cited Finance Minister Anton Siluanov as saying on Thursday.
"The NWF is an emergency resource that can be used in the case of a crisis to help banks and large companies and corporations that have large obligations before external creditors," Siluanov said, adding: "But I don't see any grounds for this yet."
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
