Russia: Metalloinvest announces first ECA-backed financing deal under existing framework agreement

Metalloinvest has signed an agreement with MUFG for ECA-backed financing in the amount of EUR 9.9 million. The loan will be used for the technical re-equipping of CCM-3 at OEMK, with the equipment supplied by Inteco melting and casting technologies GmbH. Insurance cover will be provided by Oesterreichische Kontrollbank AG, the Austrian export credit agency.…

Ukraine: Corum fined for 53 million UAH

The Antimonopoly committee of Ukraine has fined Corum Ukraine for 53 million UAH and the scientific and manufacturing company Mining Machines for 3.3 million UAH for the breach of the legislation on economic competitiveness protection. The AMCU found out about the violations at the three auctions held by the state enterprise Lvivugol, in which the…