Russian Economy News: NOVATEK shareholders approved the loan for the “Yamal LNG” at $ 600 million

Tuesday, June 21, 2016

NOVATEK shareholders approved the loan for the “Yamal LNG” at $ 600 million – RIA Novosti

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09:59 21.06.2016

(updated: 10:02 21.06.2016 )

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MOSCOW, June 21 -. RIA Novosti The shareholders of NOVATEK approved the loan for “Yamal LNG” in the amount of $ 600 million, the company said on Tuesday.

it is noted that the shareholders approve the transactions and agreements, which are related to the project financing for the “Yamal LNG” with the participation of Russian and international financial institutions of up to 19 billion.

The company says that at the moment “Yamal LNG” has already signed loan agreements with respect to the National Welfare Fund of Russia, as well as with Sberbank, Gazprombank, the Export-Import Bank of China and China Development Bank for an amount equal to 18.4 billion dollars of which have already selected more than 4 billion dollars.

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