USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

199

Vneshekonombank to Lend $2 mln to Russian Oil Companies

The bank extends loans to most of its lenders

Vneshekonombank to Lend $2 mln to Russian Oil Companies

The State Duma in October allotted VEB as much as $50 billion to help companies repay foreign debt amid the liquidity crisis. In the meantime, 30 Russian banks have applied to VEB for a total of 90 billion rubles in subordinated loans.

VEB's board has so far approved $11.8 billion to help refinance foreign loans, according to the statement. The bank would not specify which oil producers would benefit from the $2 billion credit nor how much they would get from the total.

Gazprom Neft has asked VEB for $1.9 billion in refinancing assistance, Interfax reported Wednesday, citing an unidentified banker. The oil producer has $1.2 billion in loans due in the fourth and first quarters, it said.

Besides Alfa Bank, which will get a loan of 10.2 billion rubles, Nomos Bank will receive 4.9 billion rubles and the Bank of Khanty-Mansiisk 2 billion rubles, VEB said.

Author: Ksenia Kochneva


Подпишитесь

Follow us on Facebook
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru