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Russia: VEB.RF to finance Russian Platinum's project via a joint USD 2.3 billion loan with VTB

Description

On 30 December 2021, VEB.RF, a national development bank, announced a joint USD 2.3 billion credit line with VTB, a state-owned bank, to support a palladium and platinum production facility. The commi...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

30 Dec 2021

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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