Sberbank of Russia and Ust-Luga JSC (Leningrad region, customer and developer of Port of Ust-Luga) have entered into an agreement for credit line of RUB 7bn to ULC, Ust-Luga’s CEO Maxim Shirokov said in an interview with journalists. The Facility extended for the period up to 5 years will be used to complete construction of a multipurpose handling terminal "Yug-2" and warehouse logistics center at the port. Mr. Shirokov did not disclose interest rate on the credit.
JSC Ust-Luga Company was established in 1992 for the construction of new commercial seaport in the Luga Bay of the Gulf of Finland.
Sberbank is the largest bank in Russia and CIS countries. Sberbank assets total more than a quarter of the national banking system (27%), while the share of bank capital is at 26% (as of June 1, 2010).
JSC Ust-Luga Company was established in 1992 for the construction of new commercial seaport in the Luga Bay of the Gulf of Finland.
Sberbank is the largest bank in Russia and CIS countries. Sberbank assets total more than a quarter of the national banking system (27%), while the share of bank capital is at 26% (as of June 1, 2010).