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Far-Eastern Sberbank will allocate $ 30 million to purchase oil products for loading on ships in the Far East
The Far Eastern bank Sberbank of Russia has opened a framework revolving credit line for USD 30 million for a period of 1,5 years to the bunkering company Bunker Holdings Ltd, the bank's press service reported. The funds will be used to purchase petroleum products from domestic suppliers for loading onto ships in the ports of the Far East.
“The credit line will allow our client to increase the volume of operations, which will have a positive effect on the development of domestic oil refining,” noted Evgeny Titov, Chairman of the Far Eastern Bank of Sberbank of Russia.