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Thursday, March 15, 2018

Japan will provide a loan to Sberbank in the amount of $38.5 million

Japan Bank for international cooperation (JBIC) to the end of 2016, the savings Bank will allocate a loan of 4 billion yen ($38.5 million), write Japanese media.

It is noted that JBIC will provide a loan “in the hope to make progress on the territorial dispute at the upcoming summit in December”. According to Japanese media reports, the savings Bank will forward the money to the company-operator of the port of Vostochny, which needs funds to purchase equipment.

Earlier, the US government and the EU have restricted lending to some Russian companies and financial institutions, including Sberbank, as part of the sanctions in response to the annexation of the Crimea by Russia in 2014.


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