Seven parties to participate in Syrian talksWorld January 22, 9:54
Russia’s Pavlyuchenkova reaches Australian Open quarterfinalsSport January 22, 7:19
IBU Executive Board finds no grouns to suspend Russia's biathlon teamSport January 21, 22:53
Russia terrified watching monuments destroyed in Palmyra — culture ministerRussian Politics & Diplomacy January 21, 17:08
Russian bombers deliver successfully strikes on terrorists' facilities in SyriaWorld January 21, 15:39
Denmark uses Russian data in its application for expanding shelf — ministerBusiness & Economy January 21, 15:15
Agreement on bases in Syria to serve strengthening of stability in Middle East — MPRussian Politics & Diplomacy January 20, 21:18
Trump's inaugural address: When America is united, America is totally unstoppableWorld January 20, 20:57
Hermitage chief: New Palmyra destruction comes across as militants' vengeanceRussian Politics & Diplomacy January 20, 20:29
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.