Russia’s biggest lender Sberbank and the country’s largest shipping company Sovcomflot have signed a 14-year project finance agreement worth $106m.
The money will be used for building an Arctic shuttle tanker, which will be used for the Novy Port project under a long-term agreement with Gazprom.
“Investing in major projects on modern infrastructures is the bank’s priority, and we estimate positively future financing of the shipping sector, hoping for further development of relations between our companies,” Sberbank’s senior vice president Igor Bulantsev said.
