VTB Bank has issued a three-year RUB 500 million loan to Lena United River Shipping Company as part of a new credit facility to finance the company’s operations.
VTB has worked closely with the shipping company since 2004, providing financing as well as payment and cash management services.
«Lena United River Shipping Company is a fast-growing business and has more growth potential.We are interested in supporting strategic industries in Yakutia and are pleased to be able to contribute to the region’s transport infrastructure development.».
Deputy President and Chairman of VTB Bank Management Board
Lena United River Shipping Company (LORP) is a Russian transport company based in Yakutsk, in East Siberia. The company transports liquid hydrocarbons, general cargo and other products for the Republic of Sakha (Yakutia), the Irkutsk Region, northern Krasnoyarsk Territory and Chukotka. Its business development strategy until 2022 includes renewal of its fleet and restoration of shipbuilding in the Lena basin.