Interfax citing Mr Vladimir Dmitriev VEB chairman as saying that the supervisory board of Vnesheconombank has approved financing for the Ford-Sollers project to set up a new automobile production facility.

He said that the financing will total about RUB 39 billion for ten years, including RUB 36 billion for capital expenditures and RUB 3 billion for working capital.

(Sourced from Interfax)