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Major banks tipped to help military-industrial complex

      RBC, 11.11.2008, Moscow 13:36:03.An interdepartmental committee for the support of companies working in the military-industrial complex on the state defense order has recommended that Sberbank, VTB and Vnesheconombank look into the possibility of providing loans to the companies hit by the global crunch. This will ensure the completion of the Defense Ministry's contracts and provide operating funds for these companies. According to Russian Deputy Prime Minister Sergei Ivanov, the funds will be used for the payment of salaries, extension of credit line contracts and repayment of interest rates on loans that were already secured.

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