World Economy

Russia Throws Lifeline

Russia  Throws LifelineRussia  Throws Lifeline

The Russian government is pumping money into big companies that are being starved for cash by western sanctions, CNNmoney reported. In the past week alone, it invested $1.7b in Russian bank VTB and nearly $680m in Gazprombank. The two banks are among Russia’s biggest financial institutions and were barred last year from raising funds from US and European markets.