When commenting on the results of the meeting, Vladimir Dmitriyev, Chairman of the Bank for Development and Foreign Economic Affairs (Vnesheconombank, or VEB), said at a press briefing that Russian banks and companies had applied for VEB loans worth $78 billion to refinance their foreign debts. According to him, applications to the amount of $9.8 billion have been met, $7.5 billion of which has been transferred to banks and companies for refinancing their debts. "In the near future, we expect the transfer of funds on some transactions on which positive decisions have been made," Mr Dmitriyev said. 

Mr Dmitriyev also said that VEB's supervisory board decided to examine state monopolies' applications for funds, on the condition that they would preserve their investment programmes. To quote him, "Vnesheconombank's supervisory board has decided to examine the state monopolies' applications [for state funding] within the context of the implementation of their investment programmes."

Apart from this, Mr Dmitriyev said that Vnesheconombank's supervisory board recommended that state funds be provided to Alfa Bank, NOMOS Bank, and Bank of Khanty-Mansiysk. According to him, "these banks work with both retail and corporate clients, which are quite noticeable in their regions as well."

"By mid-2009, VEB plans to present its concept for developing its subsidiaries, including the Russian Development Bank, Roseximbank, Sviaz Bank and Globexbank," Mr Dmitriyev said.