The Globex Bank, a part of VEB, has opened a credit line to the Belarus Iron and Steel Works in the amount of $40 million for 12 months.
The bank and the works have signed three corresponding agreements.
The parties have been cooperating for over 5 years.
“We highly value our cooperation with one of the major companies of ferrous metallurgy not only in Belarus, but in Europe as well. Our cooperation will allow BMZ to timely fulfill its obligations under various contracts”, the bank reported. (Ukrainian metal)