Sberbank Ukraine gives Azovmash USD 17 mln credit line

Sberbank Russia (Ukraine) has extended a USD 17.2 mln floating rate credit line to Azovmash, which includes Azovzahalmash (AZGM) and Mariupol Heavy Machinery (MZVM), First Deputy Head of the Bank’s Administration Vladislav Kravets said, according to Interfax. Azovmash plans to use the proceeds to increasing production for export to the CIS and Middle East.