The Ministry of Natural Resources of the Russian Federation Commended Ilim Group for its Environmental Projects
On December 12, the V All-Russian Congress of Environmental Protection and the II Exhibition and Forum ECOTECH in Moscow hosted a ceremony to reward the companies that demonstrated the best results in implementing the Year of Ecology initiatives. Ilim Group received an award from the Ministry of Natural Resources and Environment of the Russian Federation for a proactive environmental policy during the Year of Ecology.
Ilim Group, Russia’s leading pulp and paper company, a major exporter and one of the biggest companies in the industry globally, announces today that it has signed a four-year unsecured syndicated loan agreement for USD 500 million. The agreement is the largest corporate debt transaction in the industry across Eastern Europe and Russia/CIS, according to Dealogic data.
During a recent U.S.-Russia Business Council (USRBC) in New York, Mark Sutton, Chairman of the Board of USRBC and Chairman and CEO of International Paper, with Zakhar Smushkin, Chairman of the Board of ILIM, reflected on the results of their successful 10-year strategic partnership in Russia.
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