Belaruskali’s loan from Sberbank of Russia extended for one year

         Sberbank CIB will extend the loan term for Belaruskali for one year, the Sberbank CIB press service told media. “The deal with Belaruskali has been implemented in conditions of the current uncertainty on the global potash market. It indicates the interest of Sberbank of Russia in stronger partnership relations in this industry,” noted Alexei Grenkov, Managing Director of the International Clients Office of the Investment and Banking Operations Department of Sberbank CIB.
        The Soligorsk-based public joint-stock company Belaruskali is one of the world’s top manufacturers of potash fertilizers. The company’s share in the global export is close to 16%. Belaruskali products are shipped to over 80 countries across the globe. The company develops the Starobinskoye potash salts deposit, which is one of the world’s largest deposits and the CIS’ second largest one. The state owns 100% of Belaruskali’s shares.