OREANDA-NEWS. December 15, 2008. December 15, 2008 – Evraz Group (LSE: EVR) ("Evraz" or the "Company") announces signing of a USD 800 million loan with Russia's State Corporation Bank for Development and Foreign Economic Affairs "Vnesheconombank (VEB).

All the proceeds under this loan agreement were used to refinance the Company's short-term debt.

As announced earlier, VEB approved credit lines for Evraz to refinance the Company’s indebtedness under the syndicated loans in the amount of USD 1,006.6 million and USD 800 million.