Oct. 7 (Bloomberg) -- Russia's government should lend the country's biggest banks 950 billion rubles ($36 billion) for at least five years to help unfreeze credit markets, President Dmitry Medvedev said.

State-run OAO Sberbank and VTB Group, should get 500 billion rubles and 200 billion rubles respectively, Medvedev said at a meeting with senior finance officials in the Kremlin today.

``What we can decide on today is, first of all, giving subordinated loans to banks of as much as 950 billion rubles for no less than five years,'' Medvedev said.

To contact the reporter on this story: Lyubov Pronina in Moscow at lpronina@bloomberg.net

Last Updated: October 7, 2008 06:17 EDT