KfW to provide 100 mln euro for supporting small and medium-sized business in Russia

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KfW to provide 100 mln euro for supporting small and medium-sized business in Russia

YEKATERINBURG. July 15 (Interfax) - German bank KfW will allocate Russian regional banks 100 million euro for a program to support small and medium-sized business, Vnesheconombank (VEB) chief Vladimir Dmitriev told journalists on Thursday.

He said that this foresees the signing of a guarantee for implementing a partnership program for supporting small and medium-sized businesses and innovation.

"KfW will provide a loan worth 100 million euro under VEB's guarantee for financing Russian regional banks in a program for supporting small and medium-sized production and innovation spheres," Dmitriev said.