A credit line of $200 million (145 million) into Russian energy giant Rosneft will secure the completion of its liquid bulk cargo terminal in Ust-Luga.
Ust-Luga is being developed as a port and bunker terminal on the Russian coast in the Gulf of Finland, southwest of St. Petersburg.
It will be the only Russian port on the Baltic Sea able to handle 75,000 deadweight tonne (dwt) bulkers and 120,000 dwt tankers.
Ust-Luga will also be the terminal of BPS-2, a pipeline bringing Russian oil to Baltic coast.
The funds are provided by Russia's state bank for development and foreign economic affairs Vnesheconombank (VEB).