Expanding cooperation with a major Russian independent manufacturer of mineral fertilizers, Minudobreniya, VTB Voronezh branch issued a bank guarantee in favor of tax authorities for the amount exceeding RUB 549 million.
Such transactions allow companies to exercise their right to tax credit (refund) declared for refund in their tax returns before the end of the in-house tax audit.
VTB Bank and Minudobreniya have been cooperating for over 10 years and have built strong mutually beneficial partnership relations.
Minudobreniya JSC specializes in manufacturing nitrogen phosphate potassium fertilizers, ammonia and ammonia nitrate. The company is a core company of Rossosh District, Voronezh Region, a major provider of mineral fertilizers to domestic agricultural producers and an important international seller.