Oskol Metallurgical Plant (OEMK), a subsidiary of the Russian iron ore and steel producing company Metalloinvest Holding (Metalloinvest), has secured a two-year credit line worth $300 million from the Bank of Moscow, one of the leading commercial banks in the Russian Federation.
"The Bank of Moscow has been actively cooperating with OEMK since 2003. The bank also provides integrated services to other Metalloinvest enterprises, within the framework of which it offers a wide range of credit products," reads the bank's statement.