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Eximbank of Russia provides Dorogobuzh with an export credit of 62 mln dollars

Eximbank of Russia (part of the Russian Export Center) and PJSC Dorogobuzh signed a credit agreement for financing of the current company expenses on supplies of mineral fertilizers to Europe. The transaction amounted to 62 mln US dollars. The credit was provided until January 2019. The funding is available in the framework of a specialized program on supporting export of high-technology products. The Bank is implementing the said program together with the Ministry of Industry and Trade of the Russian Federation.

Dorogobuzh products are purchased by Agronova Europe AG.

PJSC Dorogobuzh is located in Smolensk Region. The enterprise is part of Argon group and specializes in production of mineral fertilizers and inorganic chemical products. Its ammonia output capacity is 600 thousand tons; that of ammonium saltpeter, 900 thousand tons; and that of the nitrogen-phosphorus-potassium fertilizer, 600 thousand tons per year.