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URGENT: Russia's VEB approves $1.3 bln to finance Olympic
projects
07.06.2009
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ST. PETERSBURG, June 7 (RIA Novosti) - The Russian
national development bank Vnesheconombank (VEB) has approved 40
billion rubles ($1.3 billion) in financing for construction
projects for the 2014 Sochi Winter Olympics, a senior bank
official said on Sunday.
In particular, VEB intends to invest about 5 billion
rubles ($161 million) in the project of the Sochi airport,
which was earlier financed by Sberbank, said Anatoly Ballo, VEB
deputy board chairman.
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