UBRD Offers Nevsky Mazut RUR 350m CL

UrBC, Yekaterinburg, December 5, 2017. The Ural Bank for Reconstruction & Development’s Saint Petersburg subsidiary signed a 350-million-ruble credit line agreement with Nevsky Mazut.

According to the bank’s press service, the CL will be there for two years. The borrowed funds will be used to back up the company’s pre-export financing needs.

Head of the UBRD Saint Petersburg subsidiary Alexander Kazanskiy says Nevsky Mazut is one of Saint Petersburg’s largest businesses in the fuel supply sector.

‘Supplying fuel, including furnace oil, is a big part of the national exports. Our exporters are large-scale taxpayers, so their success has a great impact on the Russian budget’s revenues,’ Kazanskiy says.

Nevsky Mazut deals in bunkering, diesel fuel deliveries, export and shiftment of oil and mineral products, gasoline and diesel fuel storage, and fuel shipments. The company has mainly focused on exporting marine fuels since 2001 and started dealing in bunker oil shipments in 2002 as well. In 2003, the business expanded into its own bunkering operations at Saint Petersburg ports and is now a successful good quality fuel supplier in Russia’s second largest port. Nevsky Mazut lays a special emphasis on up-to-date management techniques and fuel treatment technologies and complies strictly with the existing environmental regulations.

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