VTB to provide RUB 900 million loan to Sakhalin Shipping Company
VTB Bank has signed a number of loan agreements that total RUB 900 million with the Sakhalin Shipping Company (SASCO). The loans will help implement Sakhalin’s transport support contracts at the Kirinskoye gas and condensate field.
VTB Bank readily supports regional companies which help expand economic activity in Asia. We have been cooperating with the Sakhalin Shipping Company, one of the largest national shipping companies, for 20 years, said Mikhail Oseevskiy, Deputy President and Chairman of VTB Management Board. This dynamically developing company continues to expand its presence in the Far Eastern transport market, he added.
VTB Bank has been cooperating with the Sakhalin Shipping Company since 1995. Earlier, the company received a RUB 1 billion VTB loan for the purchase of two ships.
The Sakhalin Shipping Company ranks among the largest Russian shipping companies. Most of its ships are reinforced for ice navigation and can carry many types of freight, including containers, general and bulk cargo, equipment, timber and lumber industry goods.
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