Gazprom Signs €350 Million Loan With Italy’s Sanpaolo On Top Of €390 million With UniCredit

Posted: January 30, 2015 in Econ 101, Sanctions on Russia Meaningless, Technology and Energy



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New Gazprom commercial debt signed with Italian lender
By Staff reporter
Posted 30 January 2015
Russian gas giant Gazprom agreed a loan deal with Italian banking group Intesa Sanpaolo worth €350 million ($397 million) this month. The debt deal was agreed in Milan on 22 January, Gazprom said.

“This is the first ever bilateral credit agreement between Gazprom and Intesa Sanpaolo Group. Cooperation between Gazprom and one of the eurozone’s biggest banking groups is of great importance to the development of a partnership with lending organisations from Italy and the whole of Europe,” Gazprom said in a statement.

Gazprom also signed a credit deal in December with Italy’s UniCredit for €390 million. Meanwhile, the Gazprom group received a new five-year loan from Russian bank Sberbank in October worth RUB 10 billion ($148 million). The loan was issued to the company under a contract signed in September 2014 and matures in 2019.


Gazprom says signed 390 mln euros credit line with UniCredit
Fri Dec 5, 2014

MOSCOW Dec 5 (Reuters) – Russia’s top natural gas producer Gazprom said on Friday it had signed a 390-million euros credit line with Italy’s UniCredit.

Gazprom did not provide in the statement announcing the deal any financial terms of the agreement and did not say how it would allocate the resources.


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