Tuesday, March 31, 2009
Russia primes $25bn China deal
03-30-2009 - Upstream OnLine - Russia will sign a final deal with China guaranteeing crude supplies in exchange for $25 billion in loans within one or two weeks, Russia's Deputy Prime Minister Igor Sechin was quoted as saying today. A report published by Russia's RIA news agency also said China is due to lend $15 billion to state-controlled Rosneft and another $10 billion to pipeline monopoly Transneft.
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