Sberbank has participated in a joint meeting with key buyers of the petroleum products of Antipinsky Oil Refinery and Afipsky Oil Refinery, representatives of the oil and gas industry, and New Stream Group.
The participants of the meeting discussed the state of affairs at these refineries and their need for working capital. The discussion of a joint action plan to maximise the capacity of the refineries was initiated. Sberbank is considering the possibility of providing additional working capital to optimise operations at the refineries.
Yevgeny Kravchenko, Head of the Trade Finance and Correspondence Relations Division of Sberbank: “We expect buyers of petroleum products to confirm they will continue to carry out pre-payment of future deliveries as per previous agreements. We are confident that our joint efforts will help the business reach a new level of development.”
Source — PJSC "Sberbank of Russia"