The Russian steelmaker Severstal has secured Ruble 2 billion (approx. $68.5 million) in credit lines from VTB North-West Bank, a part of the Russian international financial group VTB Group.
The one-year credit lines will be used by Severstal for the replenishment of its floating assets.
Severstal has been a client of VTB North-West Bank since 2001 and has an irreproachable credit history.