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

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.