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Report: Russia to provide 150B rubles for VEB recapitalization

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Report: Russia to provide 150B rubles for VEB recapitalization

The Russian government will 150 billion Russian rubles toVnesheconombank forthe lender's recapitalization, Reuters reported March 29, citing Russian PrimeMinister Dmitry Medvedev's statement to the bank's supervisory board.

As of March 28, US$1was equivalent to 68.39 Russian rubles.