Russian lender VEB Group is to finance the construction of three more tankers for Sovcomflot (SCF Group), according to Prime Minister Dmitry Medvedev.

He told a meeting of the supervisory board of the state-run development corporation that the ships will carry light oil products and gas condensate.

VEB-Leasing last year approved deals to finance two aframaxes for the owner at the new Zvezda Shipyard.