February 7, 2018 / 7:17 AM / 6 months ago

Russia's Sberbank to lend $129 mln for BasEl's real estate project

MOSCOW, Feb 7 (Reuters) - Russia’s top lender Sberbank said on Wednesday it would provide 7.3 billion roubles ($128.53 million) in project financing for a housing project by Glavstroy.

Glavstroy is part of Russian aluminium tycoon Oleg Deripaska’s industrial group Basic Element (BasEl).

$1 = 56.7979 roubles Reporting by Maria Kiselyova; Editing by Polina Ivanova

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