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Message: Re: cnbc article
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Oct 27, 2010 09:50AM

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Oct 27, 2010 10:31AM
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Oct 27, 2010 10:55AM

again, here's a clip from a tass article qouting hugo...the bank is key, but who knows how this deal will be set up..russians, chinese and venezuelans...and kry?...

Chavez said on Wednesday that his visit to Russia “is aimed at further expanding and strengthening strategic partnership with Moscow”. “Today Russia is a great power. We are planning to sign documents on the creation of a Russian-Venezuelan bank.” The bank will be headquartered in Moscow and its office will be located in China and Venezuela, Chavez said.

The bank will be set up with authorized capital of four billion U.S. dollars on the base of Eurofinance Mosnarbank. Russia will have 51 percent of shares.

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