In the framework of St. Petersburg international economic forum – 2019 JSC "Rosselkhozbank" and "Yug Rusi" - the largest Russian manufacturer of bottled vegetable oil concluded a cooperation agreement. From the agricultural Bank the document was signed by Chairman of the Board Boris Leaves from the "South of Russia" – the General Director Nelli Subbotin.
The agreement provides for the strengthening of mutually beneficial cooperation with the aim of developing export potential of the company, priorities of socio-economic development, strengthening economic and industrial potential. The document Rosselkhozbank will extend financial support to the company. On borrowed funds "Yug Rusi" will increase the loading of existing processing facilities and will supply additional volumes of products in foreign markets.
"Yug Rusi" is a leader on the market of bottled sunflower oil of Russia (brand "Zolotaya Semechka", "Zlato", "Avedov", "Anna", "Yug Rusi", etc.). At the moment, "Yug Rusi" has a rening capacity of 2.1 million tonnes of oilseeds per year, a network of grain elevators with a total storage capacity of 1.4 million tons of grain port terminal in the city of Rostov-on-don total capacity of 2.8 million tons per year.
"Rosselkhozbank has signed an agreement with the Russian leader in production of sunflower oil in the country, the company "Yug Rusi". Rosselkhozbank to Finance the company for refilling processing facilities. Extra volume products, the company will supply to foreign markets. Bank support will allow the company until July 2020 to increase the volume of exports more than $ 200 million. The plans for next season is to increase it to 1 billion dollars", – said the Chairman of the Board of Rosselkhozbank Boris Leaves.
"Before us stands the task of doubling exports, - said General Director of "Yug Rusi" Nelli Subbotin. - It obviously requires a substantial increase in the capacity utilization and procurement of agricultural products, which is impossible without financial support. With this purpose, we signed an agreement with our longstanding partner – the Russian agricultural Bank. I'm sure that together we are able to fulfill the task of increasing supplies of Russian agricultural products on the international market."
JSC "Rosselhozbank" is the basis of national credit and financial service system of agroindustrial complex of Russia. The Bank was founded in 2000 and today is a key lender to the agriculture of the country, is among the largest and most stable banks in the country in terms of assets and capital, as well as the leaders of a reliability rating of the largest Russian banks