Eximbank of Russia provides Volfram with an export credit of 500 mln rubles

Eximbank of Russia (part of the Russian Export Center) and JSC Company VOLFRAM signed a credit agreement for financing of the company expenses on exporting ferrotungsten to Europe. The transaction amounted to 500 mln US rubles. The credit is provided for a period of one year.

JSC Company VOLFRAM is a major manufacturer of tungsten products in Russia and one of the key actors in the international market. The company specializes in development and mining of nonferrous metal deposits as well as in manufacturing and consumption of tungsten and its alloys in Russia and abroad.