‘Sitting in Ambush’ for Russian Companies
Bank of China has agreed to loan Russian state-owned gas giant Gazprom (ticker: OGZPY) €2 billion ($2.17 billion). In the company’s press release, Gazprom said the loan was the largest deal in terms of the amount of financing attracted directly from one financial institution and the first bilateral loan facility agreement with a Chinese bank.

The deal is the latest in a string of agreements between Russia and China for more energy flowing east, as relations between Russia and the West continue to d...

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