ICEC

Russia’s Gazprom says loans 2.14 billion euro to TurkStream operator

Russian gas giant Gazprom said on Monday it would loan out up to 2.14 billion euro ($2.50 billion) to South Stream Transport B.V., which oversees the construction of TurkStream undersea gas pipeline to Turkey from Russia.

It said the loan will be used to replenish working capital and charges the annual interests of 3.98 percent. The maturity of the loan is set for Dec 30, 2023.

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