15 Oct '09
St. Petersburg-based LSR Group will open a $67m renewable line of credit for 18 months with Bank VTB North-West, LSR announced today.
In all, between September 18 and October 14 the bank reportedly provided the group with $113m worth of credit.
LSR Group was set up in 1993 and now incorporates mining businesses, construction material makers and shippers, and housing developers. For 2008 the group has reported net loss of around $270m; in 2007 it had net profit of $306m.