Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Russia Earmarks Up to $40 Billion to Shore Up Economy, FT Says

Russia has earmarked as much as $40 billion for this year and next to bolster its economy in the event the euro-region crisis widens and spreads and is also renewing a plan to permit the government to recapitalize the nation’s banking system, the Financial Times reported, citing an interview with Finance Minister Anton Siluanov.

Siluanov said the government is planning to create a reserve mechanism worth 500 billion rubles ($15.4 billion) for 2013 to provide for financing “anti-crisis measures,” the newspaper said.

The FT cited the minister as saying that the amount would include support for people who are “socially needy” and the recreation of a 2009 program that was not implemented at that time by which government bonds would be issued to recapitalize banks in exchange for shares.

Siluanov was speaking ahead of the G-20 meeting in Mexico, the FT said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.