OREANDA-NEWS. December 14, 2009. Evraz Group (LSE: EVR) ("Evraz" or the "Company") announces that it has repaid a USD 800 million loan to Russia's State Corporation Bank for Development and Foreign Economic Affairs "Vnesheconombank” (VEB).

The loan was provided to Evraz in December 2008 to refinance the Company's short-term debt to a syndicate of non-Russian banks. It was secured with the pledge of assets and shares of Evraz Inc. NA Canada, a wholly-owned Canadian subsidiary of Evraz Group.

As announced in November 2008, VEB also provided Evraz with a USD 1,006.6 million loan, the term of which has recently been extended by one year. It will be repaid in five quarterly installments of USD 201.3 million each starting from November 2010.