Belaruskali’s selling in parts started

• 5.08.2011, 10:45

Sberbank of the Russian Federation and Deutsche Bank will give a $2 billion loan to Belaruskali.

It has been stated by Sberbank's chief executive German Gref at the meeting with Russian Prime Minister Vladimir Putin, Interfax-Zapad reports.

“Together with Deutsche Bank we have decided to grant a $2 billion loan to one of the largest enterprises of the Belarusian industry, Belaruskali. It is certainly a hard time for Belarus, but it is a good, reliable loan for us,” he said.

Gref added that the loan will be secured by export contacts and a 35 percent stake in the company itself as collateral.