Russian state defence company Rostec will provide additional capital to its subsidiary bank Novikombank due to revaluation of loans to companies that fell under Western sanctions, according to a Rostec statement.
Reuters: Russia’s Rostec promises capital for its debt-laden Novikombank
A demonstration of a shoulder-launched SA-18 surface-to-air (SAM) missile at the Russian Rostec stand during the first day of the LADD defence and security fair, the biggest in Latin America, with the participation of exhibitors from around the world, in Rio de Janeiro, Brazil, on April 9, 2013. (AFP PHOTO/VANDERLEI ALMEIDA)
