The Russian banking system is not yet 100-percent ready to credit small and medium-size business, Impexbank president Yuri Isayev told a RIA Novosti news conference on Thursday. The chief reason is, to him, the lack of a material basis which would be a pledge against credits given to small and medium-size business. "We lack legislative acts that would regulate property and mortgage crediting of businessmen. Without initial capital it is actually impossible to start a small enterprise", he lamented. Simultaneously, the bank president stressed that "the time is coming when also financial-crediting institutions have to turn to domestic producers, especially small enterprises". To him, bankers are interested in growth of the middle class, in which they see potential clients.
Chinese President Xi Jinping warned his new US counterpart Joe Biden not to push Europe into an alliance against Beijing