Lukoil dodges sanction noise to sign loan

Lukoil 230x150
By Michael Turner
19 Apr 2018

Lukoil has raised a $600m 10 year export credit agency-backed loan via its Uzbekistan subsidiary, as bankers say the loan market remains open for some Russian borrowers.

Deutsche Bank, ING and UniCreditprovided the financing, which was backed by Korean export credit agency K-Sure.

The funding comes as the Russian loan market has been hit by new sanctions from the US, leading bankers to say last week that they were reviewing ...

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