Russia provides Ruble 3.7 billion loan guarantees for Belon

Friday, 13 November 2009 07:33:42 (GMT+3)   |  
       

The Russian government has provided state guarantees for credit lines worth Ruble 3.7 billion (approx. $128.3 million) to the Russian coal mining company Belon Group (Belon).

Accordingly, about Ruble 3 billion ($104 million) in state guarantees, effective until October 2014, have been provided to Belon for credit from state-owned bank VTB. The remaining part of the total has been provided for Belon's ore-dressing plant subsidiary Lisvtyazhnaya.


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