Page 74 - RusRPTMay20

8.1.1 ​Banks specific issues
State Development Corporation VEB.RF provided its first guarantees in the amount of RUB20bn each in favour of Sberbank and Bank VTB. ​In total, VEB.RF plans to provide guarantees for a total amount of up to RUB100bn in favour of the backbone banks of Russia and for SME Bank. The guarantees are provided as security for SMEs to repay loans at a zero rate
74​ RUSSIA Country Report​ May 2020 ​ ​www.intellinews.com