According to Ukrzaliznytsia, “a significant part” of the $ 300 million raised in July from the placement of Eurobonds,  was used to pay off long-term debt to “one of the Ukrainian creditors” in the amount of $ 131 million (UAH 3.5 billion).

Ukrzaliznytsia announced the repayment of 131 million dollars of debt

This is reported by the railway magazine Railway Supply with reference to

According to media reports, we are talking about the payment to the Ukrainian subsidiary of Sberbank (in March, the NSDC continued sanctions against it for three years). The bank cited data in its reports according to which, in July 2021, there was “a significant repayment of loans, including full repayment in the amount of UAH 3.8 billion”.

78 million UAH of Donetsk Railway debts were debited from UZ accounts

In July, UZ announced that the Ukrainian subsidiary of Sberbank had restructured its debts in the amount of about $ 200 million, due to be repaid by the end of July last year. As specified, the restructuring was carried out for a period of up to 3 years with the possibility of early repayment.

Railway news you may have missed:

VR Capital’s comment on UZ statement concerning its debt to a foreign investor

Find the latest news of the railway industry in Eastern Europe, the former Soviet Union and the rest of the world on our page on Facebook, Twitter, LinkedIn, read Railway Supply magazine online.