The Ukrainian Metal

Russia: Yakutia gold companies borrow 2.5 billion rubles from VTB

In 2020, VTB provided 2.5 billion rubles to gold extractors of Yakutia, up by 2% YoY.

The volume of precious metals bought in Yakutia grew by 9%, to over 4 tons, including 3.7 tons of gold (+4%) and 0.3 tons of silver (+125%).

“In the corona-stricken year of 2020, the prices of gold and other precious metals grew actively. This provided for the re-payment of loans in advance. VTB has strong positions in Yakutia and will improve them further”, the VTB manager in Yakutia Denis Leontyev has said. (Ukrainian metal)

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