Lavrov calls to coordinate Russian, US military action in SyriaRussian Politics & Diplomacy September 22, 21:05
Lavrov blames Obama administration for souring Russia-US tiesRussian Politics & Diplomacy September 22, 20:41
Waging war on Korean Peninsula inadmissible, says LavrovRussian Politics & Diplomacy September 22, 20:36
Russian Northern Fleet completes drills in ArcticMilitary & Defense September 22, 18:01
OPEC and non-OPEC countries to continue talks on oil production cut dealBusiness & Economy September 22, 17:28
Russian pair figure skaters Kavaguti, Smirnov retire from sportSport September 22, 16:48
Record number of delegations register for St. Petersburg-hosted IPU AssemblyRussian Politics & Diplomacy September 22, 16:47
Astronauts to make quickest trip ever to ISS in DecemberScience & Space September 22, 16:27
Russian frigate Admiral Essen returns to Crimea after mission in MediterraneanMilitary & Defense September 22, 16:24
MOSCOW, December 26. /TASS/. Russian gas giant Gazprom is considering raising loans from Chinese banks for general corporate needs, Gazprom Chief Finance Officer and deputy CEO Andrey Kruglov said on Friday.
“We see Chinese commercial banks not only as our key partners to finance facilities necessary for gas supplies to China but also as possible organizers of Gazprom’s funding for corporate needs,” he said.
Due to the western sanctions, which include a ban on loans of over 90 days, Gazprom is looking for new sources of funding and focuses on Asian financial institutions, Kruglov said.
At the moment, the company is looking into prospects of cooperation with a whole group of banks, including for trade and corporate financing, the issuance of Gazprom’s bonds in offshore yuans in Hong Kong and the establishment of a ruble-yuan settlement system, he said.
The offshore yuan is an offshore version of the Chinese currency introduced by the Hong Kong Monetary Authority and China’s Central Bank to help investors outside mainland China raise capital in the Chinese currency.