Release of Emergency Funds to Russian Banks

On October 7th, Russian President Dmitry Medvedev announced a decision to release a subordinated loan to the largest Russian banks in the aggregate amount of 950 billion RUR. The loan will have a 5-year maturity. The recipients are: Sberbank - up to 500 billion; VTB - up to 200 billion; Rosselhozbank - up to 25 billion; all other banks - up to 225 billion.