Avtodiesel secures loan worth RUB8.5bn from Vnesheconombank

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Funds to be used to develop new YaMZ engine model

Russian engine producer Avtodiesel, a unit of GAZ Group, has borrowed RUB8.5bn (US$282.9m, 18 February 2010) from Russia’s state-owned bank Vnesheconombank (VEB) to develop a new YaMZ engine model.

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