X5 Retail Group gets credit line increased to RUB9 billion

Russia-based X5 Retail Group has received an increase in its credit line from RUB7 billion (USD248.2 million) to RUB9 billion (USD319.1 million). The VTB Group has provided the extension and as a result the company’s available undrawn credit now exceeds RUB13 billion (USD461.05 million). This, in combination with the company’s cash balance fully covers the company’s short-term liquidity needs.