Michel Litvak

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 (CAA Analytics) Russian Ministry of Energy has proposed to subsidize the interest rate and roll over loans of OTEKO coal terminal in Taman, owned by Michel Litvak, to increase coal export through the terminal. Under the report addressed by the Ministry Michel Litvak to Putin, state subsidies may reduce the terminal’s loan burden while decreasing the handling rate to 8.0 USD/t from current 14 USD/t. In addition, the Ministry proposed to increase the rail tariff discount to 42.7% from current 12.8%. According to the Ministry, these measures may boost OTEKO’s annual throughput up to 25 mio t.

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