FACTBOX-How Russia helps industries refinance foreign debts

MOSCOW, Feb 9 (Reuters) - Russia has released around $12 billion so far through its biggest banks to help key industries repay foreign debts.

In the latest such move, Russia's No.2 lender, state-controlled VTB, lent 9.66 billion roubles ($267.4 million) to coal miner SUEK. [ID:nL9429851]

VTB (VTBR.MM) (VTBRq.L), alongside Sberbank (SBER03.MM) and Gazprombank, became clearing houses for state support to industries, while VEB bank is entrusted with distributing up to $50 billion of state refinancing help.

Clauses and covenants under many such refinancing deals are not being disclosed and many companies that obtained state help have said they had to use stocks or assets as collateral, raising the prospects of asset nationalisation.

Following is a list of Russian companies, categorised by whether they received refinancing help from VEB or obtained support from Sberbank, VTB and Gazprombank.

VEB

- United Company RUSAL, majority owned by businessman Oleg Deripaska, received $4.5 billion from VEB in October to pay back debt to foreign banks, which it amassed to buy a stake in mining giant Norilsk Nickel (GMKN.MM).

- Businessman Mikhail Fridman's Alfa Group received $2 billion in October to pay back a loan to Deutsche Bank and rescue Alfa's stake in Russia's No. 2 mobile phone firm, Vimpelcom (VIP.N), which was used as collateral

- VSMPO-Avisma (VSMO.MM), the world's largest titanium producer, said in November 2008 it will receive $400 million from VEB to fund investment projects after revising plans to borrow from Western banks.

- Steel maker Evraz Group (HK1q.L) obtained a $1.8 billion loan from VEB in late 2008 to refinance foreign debts which arose from the acquisition of U.S. and Canadian steel and pipe making assets.

- State-owned Rosneft (ROSN.MM), Russia's largest oil firm, received around $800 million from VEB to repay short-term debts.

- Gazprom Neft (SIBN.MM), the oil arm of Russian gas export monopoly Gazprom (GAZP.MM), obtained a $750 million loan to help it refinance a $2.2 billion Western syndicated loan.

- Russia's largest developer, PIK Group (PKGPq.L), received $265 million to refinance short-term foreign debt.

- High-tech firm Sitronics (SITRIq.L) was due to receive $230 million from VEB to refinance its foreign debts, including money owed to Dresdner Bank AG.