Russian details state holdings in banks

The following is the text of report by the Russian newspaper Segodnya.

While the Finance Ministry is carrying out an inventory of the state's involvement in the banking sector, the Central Bank has already done all the calculations. According to Tatyana Paramonova, the first deputy chairman of the Central Bank, the aggregate direct stake in banks' capital held by the government, the Agency for the Restructuring of Lending Organizations, and the components of the Federation stands at around 5 p

To continue reading...