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Russian PM signs order to set up Agency for Loan Guarantees

Russian Prime Minister Dmitry Medvedev has signed an order to establish an open joint-stock company "Non-bank depositary credit organization Agency for Loan Guarantees", the government reported on its website Tuesday.

In line with the document, the new agency aims to render guarantee support to small and midsized businesses. Its authorized capital totals 50 billion rubles ($1.4 billion).

[Source: Itar Tass, 06May14]

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small logoThis document has been published on 06May14 by the Equipo Nizkor and Derechos Human Rights. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.