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ACCORDING TO YURI Trushin, chief executive officer and chairman of the board of Rosselkhozbank (Russian Agricultural Bank or RAB), the bank’s mission statement is a simple one: “We’re the gene fund for Russia.” As mission statements go that’s a pretty dramatic one.

It’s a measure of the political importance of the bank’s role in reviving rural Russia – home to 25% of the country’s 140 million population – that RAB was created barely three months after president Vladimir Putin came to power at the start of 2000.