VTB finances mineral fertilizers exports

18 january 2017
VTB Bank in partnership with Eximbank of Russia and the Russian export credit agency EXIAR (part of REC Group) have arranged a USD 150 million loan facility for Uralchem Group for 1.5 years. The facility will be used to finance the Group’s export supplies of mineral fertilizers overseas.
«Uralchem will strengthen its competitive trade position via this export financing solution. We place great importance on continuing to work with EXIAR to provide trade financing products. This collaboration helps promote the interests of the Russian exporters and provides a trusted credit risks control mechanism».
Yuri Soloviev,
First Deputy President and Chairman of VTB Bank Management Board

For reference:

URALCHEM Holding P.L.C., a company incorporated in Cyprus and the holding company for URALCHEM Group, one of the largest producers of nitrogen and phosphate fertilizers in Russia and the CIS. URALCHEM Group is the largest ammonium nitrate producer in Russia and the second largest ammonia and nitrogen fertilizer producer in Russia.