Slovensko Elektrarne Will Have to Buy Russian Nuclear Exports
MOSCOW—Russia's largest lender Sberbank (SBER.MZ +0.11%) has agreed to provide a loan of €870 million ($1.18 billion) to Slovenske Elektrarne, some of which Slovakia's largest power company will have to spend on Russian nuclear exports, the companies said Tuesday.
The deal signed Monday follows a memorandum of understanding the two parties sealed at an international business forum in St. Petersburg in May, which came against a backdrop of cooling relations between Russia and the West over Ukraine crisis.
