Official Statement of KAMAZ PTC

31 January 2017

A number of domestic media published information about operation of Russian companies, including KAMAZ (part of Rostec State Corporation), in Venezuela and their problems with mutual exchanges in the local currency - bolivar.

KAMAZ PTC considers it necessary to officially declare that the information regarding KAMAZ is absolutely false. All calculations and payments made by KAMAZ under its contracts with Venezuela exclusively in this currency. KAMAZ haven't received any bolivar in a cash or non-cash form. All vehicles under transactions are delivered to Venezuela and paid in dollars.

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