London High Court rules Ukraine must repay $3 bln to RussiaBusiness & Economy March 29, 18:12
Russian energy minister pegs oil price at $70-100 as profitable for Arctic productionBusiness & Economy March 29, 18:02
Russian opera star Hvorostovsky announces two concerts in Toronto and DublinSociety & Culture March 29, 17:44
Russia's major natural gas producer says available reserves to suffice for over 20 yearsBusiness & Economy March 29, 17:38
Putin arrives in Franz Josef Land to size up Arctic environmental cleanupSociety & Culture March 29, 17:32
First in the world ice-class gas tanker comes to Arctic portBusiness & Economy March 29, 17:11
Eurovision broadcaster eyeing ban on Kiev from song contest over ‘unacceptable behavior’World March 29, 16:45
Diplomat slams calls to boycott 2018 FIFA World Cup as ‘campaign to contain Russia’Sport March 29, 16:34
How Russians conquered the Arctic in vintage photosBusiness & Economy March 29, 16:00
The credit agreement includes a $400 million prepayment. The credit is provided at LIBOR plus 4.95% and must be redeemed before the end of 2016.
As of April 31, stakes of another 10 RUSAL were used as collateral to secure credits.
RUSAL has frozen payments on $5.15 billion worth of syndicated loans from April 8 till July 7. The creditors agreed not to take any action against any company of the RUSAL group not to trigger a default under the initial loan agreement.
RUSAL’s net debt amounts to more than $10 billion as of April 1.