OREANDA-NEWS. November 23, 2012. Sviaz-Bank’s branch in Samara opened a credit line of 500 million rubles to Kuznetsov OJSC to be drawn down until May 31, 2013. The company will use the borrowed funds to increase its working capital, reported the press-centre of Sviaz-Bank.     

“Kuznetsov OJSC and Sviaz-Bank have been in partnership for several years already. Last year, the Bank opened two credit lines totaling 1billion rubles to the company. We intend to continue cooperation with this leader of the aircraft and spacecraft engine industry,” said Sergey Volokhov, Vice Chairman of Sviaz-Bank’s Management Board.

Kuznetsov OJSC is a strategic company manufacturing liquid-propelled jet rocket engines, industrial engines for gas-piping equipment, and modular power plants, and it also repairs and provides maintenance on engines for long-range strategic aircraft. All Russian piloted carrier rockets are launched by jet engines manufactured by Kuznetsov OJSC.