Sberbank provided Russian Railways with a loan worth RUB 6bn (approx. USD 167m) between February 12 and 18, the bank said according to RBC in a review. As Russian Railways explained to RBC, the loan was granted for six months. The funds were provided as part of a credit line to finance the Russian railway monopoly's current operations.
As reported earlier, it was announced in October 2008 that Russian Railways was holding talks with several Russian banks over the extension of a loan.