OREANDA-NEWS. November 29, 2012. A business meeting chaired by Vladimir Dmitriev on Vnesheconombank’s participation in the Baikal pulp and paper mill’s (OJSC) activity was held at Vnesheconombank. Governor of the Irkutsk region Sergei Eroshchenko and representatives the region’s administration took part in the meeting.

In the course of the business meeting they discussed the current economic situation at the mill and measures to stabilize it.

In accordance with a decision taken by the Supervisory Board, Vnesheconombank is to open unsecured credit lines to fund the mill’s current capital on a targeted basis. Above all, financial resources will be used for technical re-equipment, retooling and faultless-free operation of the mill. Some funds are intended for indexation of workers’ wages and some are intended for providing the mill with raw materials, chemicals and fuel for operating the central heating and power plant.

After the business meeting Vnesheconombank expressed its readiness to engage its subsidiaries LLC VEB Engineering and OJSC SME Bank for addressing the mill’s problems (in so far as it relates to supporting small and medium-sized enterprises on the territory of the Slyudyanka district and the city of Baikalsk) in order to stabilize and resolve the situation at the Baikal pulp and paper mill.