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Putin’s Bailout Bank Needs a Rescue; It’s an $18 Billion Whopper

For years, Vladimir Putin used Vnesheconombank (VEB) to pay for “special projects,” from the Sochi Olympics to covert acquisitions in Ukraine to oligarch bailouts. Now, the state bank needs a rescue of its own and it could be the Kremlin’s costliest yet.

Source: Putin’s Bailout Bank Needs a Rescue; It’s an $18 Billion Whopper


Categorised as: interesting

Posted by: Kramer

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