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Uralkali signs agreement with Russian bank to open $250-million credit line

4:52 AM MDT | August 4, 2014 | Natasha Alperowicz

Uralkali (Berezniki, Russia), one of the world’s leading potash producers, has signed an agreement with Promsvyazbank (Moscow), one of Russia’s leading privately owned banks, to open a $250-million credit line with a 10-year payback period, the company announced today. The funds will be provided on an unsecured basis and will be used to refinance Uralkali’s current liabilities and to finance existing investments.   “This new, unsecured credit line demonstrates the ability of Russian financial institutions to provide long-term loans to...

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