Russian prime minister declares 3rd Winter World Military Games openMilitary & Defense February 24, 22:33
Russia to veto UNSC resolution imposing sanctions on Syria — envoyRussian Politics & Diplomacy February 24, 22:29
Ukrainian MP Savchenko arrives in Donetsk republic to visit Ukrainian prisoners — agencyWorld February 24, 22:25
Russian Defense Ministry surprised over German MPs reaction to Reichstag miniature plansRussian Politics & Diplomacy February 24, 16:32
Iraq's PM orders airstrikes on IS positions in SyriaWorld February 24, 16:09
Nord Stream 2 financing model to be ready by year end - OMVBusiness & Economy February 24, 13:44
Churkin left bright mark in history of Russian diplomacy, Lavrov saysRussian Politics & Diplomacy February 24, 12:20
Cargo spacecraft docks ISS in automatic modeScience & Space February 24, 11:58
Belarus to present to European Commission report on NPP stress tests' results - ministryBusiness & Economy February 24, 11:36
MOSCOW, October 31. /TASS/. Russia’s President Vladimir Putin said the government will support the Yamal LNG project.
On Thursday night, Novatek’s CEO Leonid Mikhelson reported to the president on the implementation of the project.
“Due to the sanctions, of course, we have been experiencing limitations on financing the project, as Novatek is on the sanctions list,” the company’s head said. “Possible attraction of the financing from the National Wellbeing Fund will not be that large — it may make 18% of the required financing. But it is most important everyone may see the government is supporting the project.”
“We have discussed outside financing with all banks, mostly with Chinese banks, with our banks. We hope by the end of the current year we shall be able to prepare all credit documents so that in the first, in the second year, about within first six months, we could open financing from abroad. Until then, the shareholders have sufficient financial opportunities to observe the timing. The target time — year 2017 — we confirm it and will follow the objective,” he said.