Russia considering $1 bln loan to Nornickel for Arctic project - Ifax
MOSCOW, Feb 7 (Reuters) - The Russian government is
considering spending $1 billion from its sovereign wealth fund
on a loan to mining giant Norilsk Nickel for its
Arctic Palladium project, the Interfax news agency cited a
source as saying on Friday.
The Arctic Palladium project is Nornickel's joint venture
with Russian businessman Musa Bazhaev.
(Reporting by Anton Kolodyazhnyy, Writing by Alexander Marrow,
Editing by Maria Kiselyova)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.