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. Last Updated: 07/27/2016

U.S. Loan to Primorsky

VLADIVOSTOK, Far East () -- The U.S. government will grant the Primorsky Shipping Company a credit worth more than $100 million for construction of new ships, the head of the company's securities department said Thursday.

Alexander Kanchin said the money is being loaned for the construction of five to seven ships costing $20 million to $25 million each at U.S. shipyards.