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. Last Updated: 07/27/2016

New Loan for Butinge

VILNIUS, Lithuania () -- Lithuania's Butinge Nafta firm, which is building an oil terminal on the country's Baltic coast, said Tuesday it had renegotiated some conditions of a loan it is seeking from the U.S. Export-Import Bank.

"We have succeeded in lifting some of the conditions," Butinge's technical director Vilius Aksinavicius said.

He said negotiations would continue for the $80 million loan but Butinge had succeeded in lifting Ex-Im's condition that Lithuania match the bank's loan by raising $100 million itself.

Last month Khlystun said Russia would import 3 to 4 million tons of grains, mostly maize and soymeal, and about 500,000 tons of wheat this year.

The trolleybuses are being purchased as part of a $329 million World Bank program approved last October.