Support The Moscow Times!

RusAl Gets $1.7Bln Loan

Vneshekonombank agreed to lend 50 billion rubles ($1.7 billion) to United Company RusAl and RusHydro to complete the construction of a hydropower plant and aluminum smelter in Boguchansk.

A 28.1 billion-ruble loan for the power plant will be granted for 16 years, while a 21.9 billion ruble loan for the smelter will be for 14 years, RusAl said Thursday.

“The assets and shares of the project companies will be pledged as loan security,” it said.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.