News report - Russia: Rusal changes account currency in ING Bank.
You are here: > archive > 2018 > russia-rusal-changes-account-currency-in-ing-bank.html

Steel Industry News Archive

World iron and steel industry news headlines

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.

Related: For further information, please try search box at top right hand side of main page, or use our steel industry search engine.

Did you know that we show steel industry training videos on this site? Visit our steel industry training page to see a range of video film clips on topics that include blast furnace ironmaking, BOF steelmaking and hot rolling.