VTB will provide “Roscosmos” a loan of 10 billion rubles

VTB will provide “Roscosmos” a loan of 10 billion rubles


MOSCOW, March 9. VTB Bank signed a loan agreement with the state Corporation “Roscosmos” in the amount of 10 billion rubles for a period of 2 years.

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As reported in the press release of the Russian Bank, the funds will be used to Finance current activity of the company.

“VTB is one of the major systemic banks serving the missile and space industry. Our cooperation with the Russian Roscosmos space Agency is strategic in nature”, – the press service quoted the words of a management Board member Valery Lukyanenko.

Provided by the Bank the borrowed funds will contribute to the priorities of the space industry, he added.