“This deal will help our client, a major timber processing enterprise, to boost its export potential,” said Senior Vice President of Sberbank and Head of the Corporate Business Block Anatoly Popov. “We have provided yen-denominated financing because Terneyles works extensively with Japanese companies.”

Terneyles is based in the Port of Plastun in Russia’s Primorsky Region. Terneyles is a fully-fledged timber processing enterprise. Its activities include logging and processing of wood and foreign economic activity.