OREANDA-NEWS. VTB has extended a five-year 30-billion rouble credit line to EVRAZ NTMK (EVRAS Nizhny Tagil Metallurgical Plant), part of EVRAZ Group. The credit is underwritten by EVRAZ plc and the funds will help refinance current debt.

“We have a long-running partnership with EVRAZ Group and we hope it will continue to develop successfully. VTB has long been an active creditor of metallurgical enterprises and will continue to facilitate the development of this important sector of the Russian economy,” First Deputy President and Chairman of the VTB Bank Management Board Yuri Soloviev said.