An agreement on the financing of the Russian Pollock processing plant has been signed Russian Fishery Company (RFC) CEO Fedor Kirsanov and Marina Perebeynus, Deputy Chairman of the Far Eastern Bank of Sberbank.

RFC signs finance agreement with Sberbank

RFC CEO Fedor Kirsanov and Sberbank’s Marina Perebeynus shake on the agreement. Photo: RFC

“The company has developed reliable, long-term relationships with Sberbank in several areas at once,” commented Fedor Kirsanov.

“The strong confidence of our financial partner is based on a deep involvement in all the details and specifics of our business. The bank’s specialists personally get acquainted not only with the numbers on paper, but also with the progress of the construction of investment objects directly at the construction site.”

The Russian Pollock project is being implemented as part of RFC’s participation in the state programme of investment quotas.

The planned total investment in the construction of Russian Pollock will amount to about 1.5 billion rubles.

After commissioning the plant, the company will receive additional quotas for pollock and herring. The volume of production will be more than 100 tonnes of finished pollock products per day and more than 20 tonnes of fishmeal and fish oil.