Russia's Putin: Ready To Help Firms Buy Assets Abroad
September 16 2011 - 9:22AM
Dow Jones News
Russia's government is prepared to help the country's companies
buy assets abroad, Prime Minister Vladimir Putin said Friday.
"We would be ready to support our investors by using the tools
of the government," Putin said at an investor conference in the
Black Sea port town of Sochi. He made the comment in response to a
suggestion that Russia should explore the possibility of buying
assets from European financial institutions.
He said Russia's state-controlled banks OAO Sberbank (SBER.RS)
and VTB Bank (VTBR.RS) have "more and more free resources."
"They are looking for interesting and promising projects," Putin
said.
-By Nadia Popova and Jacob Gronholt-Pedersen, Dow Jones
Newswires; +7 495 232-9192, nadia.popova@dowjones.com
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