The government will put on the account in VEB 100 billion rubles.

The Federal Treasury will be placed on Deposit with Vnesheconombank for up to 100 billion rubles for a period up to 270 days, the government Directive, published today on the official portal of legal information. Deposit rate will be 11% per annum (the key rate of the Central Bank).

The head of Vnesheconombank Vladimir Dmitriev announced in January that the Treasury will place in the VEB 50 billion rubles, it will give the iPhone the ability to “close the current liquidity issues,” he said.

Approved amount of deposits is about half the minimum needs of the EBV for 2016, which are estimated at 200 billion rubles. the Volume of payments to VEB for foreign debt in 2016 is about $3 billion, said in late December the Minister of economic development Alexei Ulyukayev. He’s at the end of January said that the Bank this year may get help from the budget in the amount of 150-200 billion roubles.

Debt payments of Vnesheconombank in 2016 will be approximately $820 million of Eurobonds and rouble bonds, but excluding debt of its subsidiaries, from the February presentation of the EBV for investors.

In addition to placing the source of funds of the Treasury, the Corporation’s support may take the form of compensation of losses from the sale of liquid assets of VEB, such as stakes in Gazprom and Rusal. Last month Reuters reported that VEB may receive 100-200 billion roubles to cover the losses (the difference between the purchase price and the sale of the asset) from the upcoming implementation of liquid securities.

The rehabilitation plan of Vnesheconombank, which since the beginning of 2014 has amassed 383 billion rubles in net losses according to IFRS, the Supervisory Board will discuss at the end of February—early March, said last week Minister of Finance Anton Siluanov. Financial support for VEB provided by the draft anti-crisis plan of the government for 2016, but the amount is not defined there.

The current Chairman of Vnesheconombank Vladimir Dmitriev may be prematurely dismissed by the President, and to lead problem “development Bank” may designate the Deputy Chairman of Sberbank Sergey Gor, wrote this week.