Source Pravda.Ru

Krasnoyarsk Governor Gets Half a Billion and Is Promised Even More

Will Rosbank run the anti-crisis management of the Krasnoyarsk region?
Governor of Russia’s Krasnoyarsk region Alexander Khloponin met with chairman of the Rosbank administration Eugeny Ivanov today. It was decided to grant a 500 million ruble loan to the Krasnoyarsk region for the current objectives of the budget and for restructuring all debts in this sphere. The governor and the Rosbank chairman discussed the prospects of financial cooperation on a wide scale within the nearest future.

It was agreed that Rosbank will establish the limit of crediting for the region at the rate of up to 1.5 billion rubles. If necessary, the money can be used for overcoming a so-called cash gap and to secure financial stability in the region. Rosbank said it was also ready to finance some projects on an off-budget basis in the following spheres: timber cutting, agriculture, delivery of supplies, and the purchase of fuel.

In addition, Rosbank chairman Yeugeny Ivanov says the bank is ready to perform a consulting role in the program of financial recovery of the regional enterprises; the program is currently being developed by the regional administration. The Rosbank chairman highly estimated a draft anti-crisis program developed by the team of the new Krasnoyarsk governor. Yeugeny Ivanov is sure that if the program is successfully realized, the Krasnoyarsk region will quickly regain the position of Russia’s most dynamic and the most investment attractive region.

PRAVDA.Ru

Translated by Maria Gousseva

Read the original in Russian: http://economics.pravda.ru/economics/2002/7/21/60/2768_HloponinIvanov.html

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