Russia’s Sistema is expected to shortly sign a Memorandum of Understanding (MoU) with Sberbank for a loan of $20 million (€13.76 million).

However, according to Kommersant, the deal will be highly unusual for the Russian market as it will see Sistema put up its subsidiary Russian World Studios, delivering a library of film and TV assets worth an estimated $60 million, as surety.

The loan will be used by Sistema to fund new productions.