UC Rusal has agreed again with Sberbank about credits restructuring

UC Rusal has agreed again with Sberbank about the restructuring of credits for a total sum of $5 billion. The terms of refinancing are not made public. UC Rusal raised a 3-year contract in Sberbank for $4.6 billion in 2010 for refinancing of VEB credit for purchase of the blocking shareholding in Norilsk Nickel on which the shareholding was pledged.

In 2013, UC Rusal prematurely paid off a part of the debt to Sberbank at a rate of $620 million raised for 2.03% in Norilsk Nickel sold to Millhouse. It was the clause for cessation of the conflict in Norilsk Nickel closed by the owners of the company, the CEO and the majority shareholder of UC Rusal O. Deripaska, the owner of Interros V. Potanin and the owner of Millhouse R. Abramovich.

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