25 Mar 2010 14:58

VTB expects Avtovaz to settle 10-bln ruble debt imminently

MOSCOW. March 25 (Interfax) - VTB expects that car maker Avtovaz will settle debt of 10 billion rubles "at the end of this month or in the first half of April," Valery Lukyanenko, a VTB executive, told reporters.

Lukyanenko said Sberbank , VTB and the state Russian Technologies (Rostekhnologii) corporation were drafting a joint memorandum on further cooperation.

He said VTB was prepared to provide loans to Avtovaz in the future.