City Risks VSM Shares

An agreement pledging the city's shares in RAO VSM as loan collateral will soon be signed by the city KUGI and the Russian finance ministry. The corresponding order was already signed by Governor Yakovlev last week. St Petersburg's shares will secure a lo

<BR>An agreement pledging the city's shares in RAO VSM as loan collateral will soon be signed by the city KUGI and the Russian finance ministry. The corresponding order was already signed by Governor Yakovlev last week. St Petersburg's shares will secure a loan of $200m for the construction of the VSM transport and commercial centre. The main guarantor for the loan will be OZhD, the October Railways.