AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
The loan agreement's maturity is 18 months. The loan agreement's amount is RUB 3 billion (38 million USD). According to PhosAgro's CEO, Mr Andrey Guryev: “This loan agreement will enable us to strengthen the flexibility of our sales and improve PhosAgro’s competitive advantages in the global fertilisers market, as well as the turnover of our financing resources”.
The decision to provide state support to PhosAgro was taken as part of Russia’s state programme for support of high-tech exports.
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