Yug Rusi

complete

The proposed project is an up to USD 200 million long-term secured, syndicated corporate loan to the client. Proceeds of the loan could be used to finance selected investments aimed at improving the company’s competitiveness as well as extend its current debt portfolio and are still subject to finalisation. Transition impact potential is expected to be good and to derive from backward linkages as well as enhanced competition in the market. Yug Rossii LLC (the “Company” or “Yug Rusi”), the holding company of the leading Russian edible oil market player and agricultural commodities trader. Up to USD 200m long-term secured corporate loan to Yug Rusi and selected subsidiaries of the Company on a joint and several basis. The loan will comprise of a: USD 367 million. Screened C/1. An independent consultant has been engaged by the Client to conduct an environmental review of the Company’s operations as per terms of reference prepared by the Bank. The conclusions of the Phase 1 of the review - Environmental, Health and Safety Audit have been shared with ED on a draft basis and are being finalised. The environmental, health and safety assessment of the Project itself is yet to be completed. It is proposed that, by Final Review, the consultant has completed environment, health and safety due diligence, submitted a draft Final Report including an environmental action plan with estimated costs and implementation schedule. The Client shall release a brief summary of the project, including expected impacts and required mitigation measures, locally to affected stakeholders prior to Final Review. None. Nelly Subbotina, CFO: Tel.: +7 (8632) 950097 E-mail: subbotina@yugrusi.rt.ru