Russian cement producer Novoroscement has opened a RUB1bn (US$36m) credit line with Russia’s VTB Bank, the bank’s press office said Tuesday.

The annual interest rate and maturity were not provided.

The company is expected to use the funds to finance its current operations.

Novoroscement comprises three cement plants in the Krasnodar Region with a capacity of over 4Mta of cement.
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