IBEC opens 40 mln euro credit line to Russia's Metalloinvest

MOSCOW, May 19 (PRIME) -- International Bank for Economic Cooperation (IBEC) has opened a 7-year 40 million euro credit line to Russian metals and mining holding Metalloinvest, the metals holding said in a statement on Tuesday.

The credit line envisages a 5-year grace period. The financial terms were not disclosed.

The money can be spent on the financing of equipment imports.

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