The loan, which is available until 2024, has an interest rate of 7.5% per annum, costing STLC around Roubles 3m.

The funding will be used to pay for 25,000 wagons ordered from United Wagon Company (UWC) in September 2019. This includes supplying 20,000 gondola wagons with unloading hatches by the end of 2022 and 5000 hopper wagons for transporting grain and grain mill products by the end of 2020.

At the end of 2019, STLC owned 6% of the Russian freight wagon fleet.