Russian onshore market risk first for energy project

Author: | Published: 13 Jul 2011
A Russian project financing has closed with international banks accepting full onshore market risk. It could represent a turning point for project finance in the country.

In a 50/50 joint venture, Russian petrochemical company Sibur and Belgium’s SolVin signed a 12.5 year, €750 million (£660 million) project financing for the RusVinyl polyvinyl chloride plant on June 17.

In a first for the Russian energy sector, the financing included a Russian borrower, Russian law project documents, a domestic offtake strategy and ruble-denominated funding. The...



close Register today to read IFLR's global coverage

Get unlimited access to for 7 days*, including the latest regulatory developments in the global financial sector, updated daily.

  • Deal Analysis
  • Expert Opinion
  • Best Practice


*all IFLR's global coverage published in the last 3 months.

Read IFLR's global coverage whenever and wherever you want for 7 days with IFLR mobile app for iPad and iPhone

"The format of the Review has changed over the years; the high quality of its substantive content has not."
Lee C Buchheit, Cleary Gottlieb