https://sputnikglobe.com/20160903/russia-japan-state-banks-1044921127.html
Moscow, Japan's State Banks Agree on Special Lending Terms for Russian Projects
Moscow, Japan's State Banks Agree on Special Lending Terms for Russian Projects
Sputnik International
Moscow has agreed with Japanese state-owned banks on special lending terms allowing them to finance Russian projects without participation of private banks... 03.09.2016, Sputnik International
2016-09-03T07:37+0000
2016-09-03T07:37+0000
2016-09-03T07:39+0000
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Moscow, Japan's State Banks Agree on Special Lending Terms for Russian Projects
07:37 GMT 03.09.2016 (Updated: 07:39 GMT 03.09.2016) Moscow has agreed with Japanese state-owned banks on special lending terms allowing them to finance Russian projects without participation of private banks, Economic Development Minister Alexei Ulyukayev said Saturday.
VLADIVOSTOK (Sputnik) — According to Ulyukayev, Japanese legislation stipulates that state-owned banks can only co-finance projects together with private banks.
"The main problem is that Japanese companies, banks, I mean, are not willing to finance supply of equipment for investment projects fearing US sanctions…. We agreed with the Japanese side that there will be exceptions and state-owned banks will be able to finance projects in full," he told reporters at the Eastern Economic Forum in Vladivostok.
