Russia's top lender Sberbank said Tuesday it had arranged an 870 million euro ($1.18 billion) loan for Slovak electricity firm Slovenske Elektrarne.
The loan to Slovenske Elektrarne, which is controlled by Italian utility Enel, is for seven and a half years, the bank said in a statement.
A 300 million euro tranche of the loan will be insured by the Export Insurance Agency of Russia.
See also:
Russia's Sberbank Defies Ukraine Crisis to Promise 20% Dividends for 5 Years
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
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 every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.