Sberbank and VTB have come to an agreement with GAZ Group on the restructuring of the debts

Sberbank and VTB have come to an agreement with GAZ Group on the restructuring of the debts

Finmarket – Sberbank vice president Maksim Poletayev has announced that Sberbank and VTB have reached an agreement with GAZ Group on the restructuring of the syndication loan.

The Russian vice minister of economic development Yevgeni Yelin had told Interfaks on 21 May that in the event of loan restructure, the ministry is prepared to give GAZ a government guarantee of 20 billion rubles.