The Bank Otkrytie has provided the Ural Mining-Metallurgical Company with financing in the volume of 15 billion rubles until October 2021.
The funds will be spent to refinance current loan obligations and cover operational expenses.
“This financing will let UMMC increase business volumes, including by investing in its own development”, the bank said.
“The loan is the first step in our cooperation with UMMC, which we consider highly prospective”, the bank board member Victor Nikolayev said. (Ukrainian metal)