The bank Otkrytie has provided the Ural Mining-Metallurgical Company with a financing in the volume of 15 billion rubles to be returned in October 2021.
The funds will be spent to refinance the current loan obligations and cover operational expenses.
“The financing from the bank Otkrytie will allow UMMC to increase business volumes, including by investing in its own development”, the group said. (Ukrainian metal)