Russian Banks Sign Loan Deal with Yamal LNG Worth $4.1 billion
Russia's Sberbank and Gazprombank have signed a loan agreement with Yamal LNG worth 3.6 billion euros ($4.1 billion), Interfax news agency reported on Monday citing unnamed sources.
Russia's Novatek (NVTK.ME) holds 50.1 percent in the project, which aims to start producing liquefied natural gas next year. France's Total and China's CNPC control 20 percent each, while China's Silk Road Fund bought a 9.9 percent stake for 1.09 billion euros last month.
(Reporting by Vladimir Soldatkin)
