November 21, 2019 / 9:45 AM / 23 days ago

Russia's VTB joins EFKO's project to build Black Sea grain terminal

MOSCOW, Nov 21 (Reuters) - Russia’s state-controlled VTB has signed an agreement of intent with Russian vegetable oil and mayonnaise producer EFKO to jointly build a grain terminal in the Black Sea port of Taman, VTB said in a statement on Thursday.

They plan to build infrastructure in Taman port with capacity to handle 12.5 million tonnes of grains and vegoil by-products as well as 3 million tonnes of vegoils, VTB added. (Reporting by Polina Devitt; editing by Jon Boyle)

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