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.


… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more