Russia's biggest lender, state-controlled Sberbank, has announced the signing of loan agreements amounting to a total value of Ruble 8.8 billion (approx. $282 million) with several domestic subsidiaries of the Russian steelmaker and iron ore producer Evraz Group, including Nizhny Tagil Iron and Steel Works, West-Siberian Steel Works (ZapSib), and Kachkanarsky GOK (KGOK).
The loans in question are considered by Sberbank to be a part of its policy of supporting key sectors of the Russian domestic economy.