The Kremlin intends to increase support to the regions and help «banks, especially those, in which the state holds stakes», said Arkady Dvorkovich, presidential economic adviser, at the 11th Russia Business Roundtable Wednesday. «We assume lending institutions could suffer losses this year that could be covered by direct support», pointed out the presidential aide. He went on to say that in order to meet this challenge the Russian Federation will probably have to spend a half of its national reserve fund, i.e. roughly Rub 2.5 tn.
Dvorkovich: the government has to spend half of the national reserve fund to support banks in 2009