Petropavlovsk received permission from Gazprombank to sell gold to third parties. The gold miner identified new buyers and also applied for a license to export the precious metal. However, Gazprombank notified the company that it may at any time withdraw its permit or go to court demanding payment of the debt. Gazprombank opened credit lines for Russian subsidiaries of Petropavlovsk for $87.1 million, including interest.
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