RUSSIAN sugar refineries will be able to draw on a US$286 million short-term working capital finance programme run by the Netherlands' Rabobank in 2002-3, which will be bolstered with US$100 million from the European Bank for Reconstruction and Development (EBRD). Rabobank subsidiaries buy sugar from Russian processors, which they store and later sell back, allowing these local companies to raise short-term loans.

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