KIEV, July 28 - Sberbank of Russia has confirmed information that the bank has provided a $376 million financing to the State Road Service of Ukraine (Ukravtodor).

"Sberbank and Ukravtodor are considering the deal as an important step in cooperation between Russian and Ukrainian companies. Being the largest bank in Central and Eastern Europe, Sberbank is considering the international direction as an important part of its development strategy," the bank's press service said, citing Deputy Board Chairman of Sberbank of Russia, Andrei Donskikh.

The company did not disclose the period which the loan was issued for, but said that the loan is a long-term one.