Sberbank CIB prolonged the $1bn rub. worth credit for Belaruskaliy, as it was informed.
In Oct. 2012 Sberbank CIB arranged the 3-year credit for the above Company which was backed by the Belarus government. Now the credit period covers 4 years. The 1st tranche was paid up Oct. 9, 2013.
Belaruskaliy is one of the world leaders in the sector of the potassium fertilizers production. It covers 16% on the world market. The output exceeds 10mln ton/y. The products are exports to 80 countries. The Company provides development of Starobinskoe field as one of the largest in the world. 100% are held by the government.