Transneft to take credit from Sberbank

03.06.2003 09:51

Transneft will sign an agreement with Sberbank on taking a $350m credit for a period of 5 to 7 years, Transneft President Semyon Vainshtok declared in Moscow today. He did not specify the interest rate. According to him, these resources will be spent on the development of the Baltic Pipeline System.

At present the company's accounts payable are $124m, Vainshtok mentioned. If Transneft had not agreed with Sberbank, the company would have to pay off the current debts immediately, Transneft President admitted.

Subscribe to Pravda.Ru Telegram channel, Facebook, Twitter, YouTube, RSS!

Author`s name: Editorial Team

World

Journalist reveals where the new catastrophe awaits the Armed Forces of Ukraine

The Ukrainian army is threatened with a new catastrophe and a repetition of the Azovstal situation. If in the nearest future the personnel of the military formations of the Kyiv regime do not leave Severodonetsk, then the group will be destroyed or captured. This opinion was expressed by correspondent Yevgeny Poddubny.