The following news item appeared in the international steel industry press.
Title: Russia: Rusal changes account currency in ING Bank
Date: Thu, 15 Nov 2018 10:51:57 GMT
Report: Rusal has received a permission from ING Bank to change the payment currency from dollars to euros on the loan attracted on April 6, when it fell under the US sanctions. ING is an agent on the loan under the pre-export financing agreement for $2 billion dated May 24, 2017. The term of Rusal annual…
Keywords: loan, rusal, currency
Source: Metal Ukraine, Dnepropetrovsk, Ukraine - Ukrainian metal industry news.
Press release: see full report.
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