OTTAWA, March 9 (Reuters) – Russian banks might be allowed to lend to firms managed by non-residents, the finance ministry stated on Wednesday amid sanctions which have prompted many western companies to drag out or droop operations.
“This choice was taken in order that firms wishing to proceed their enterprise actions in Russia can work usually and obtain loans from home banks,” the ministry stated in a press release. It didn’t give particulars. (Reporting by David Ljunggren)