This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.
VTB is financing the Russian Sea Navigation and Geodetic Company ROMONA in the framework of the Sakhalin-2 and Magadan-1 projects.
Bank VTB concluded with CJSC Russian marine navigation and geodetic company "ROMONA" credit agreements totaling RUB 155 million. The funds will be used for the execution of contracts for the exploration of the shelf within the framework of the Sakhalin-2 and Magadan-1 oil and gas projects, the bank's press service reports.
Within the limit, a guarantee was provided for the performance of the contract for the Sakhalin-2 project in the amount of USD 500 thousand.
“The total amount of the limit opened for the company is 600 million rubles. Within the limit, we plan to provide the client with additional bank guarantees, as well as to increase the volume of financing, ”commented Evgeny Orlov, VTB Khabarovsk branch manager, on the deal.