May 24, 2018 / 8:59 AM / Updated an hour ago

Russia is ready to buy assets of sanctioned companies: Siluanov

Reuters Staff

1 Min Read

ST PETERSBURG, Russia (Reuters) - Russian Finance Minister Anton Siluanov said on Thursday Russia is prepared to buy the assets of sanctions-hit companies that are held as collateral by foreign banks.

Russian First Deputy Prime Minister and Finance Minister Anton Siluanov attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia May 24, 2018. REUTERS/Sergei Karpukhin

“The state is not going to stand aside here and it will help companies that have fallen into a difficult financial situation,” Siluanov said at an economic forum in St Petersburg.

Reporting by Darya Korsunskaya; Writing by Tom Balmforth

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