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Russian state gas giant Gazprom secures a €2 billion ($2.17 billion) loan from Bank of China, marking Gazprom's largest single-bank credit in its history. This loan highlights the increased economic reliance of Russia on China due to Western sanctions. The investment expands Chinese involvement in Russia's oil and gas sector, which has been impacted by U.S. sanctions limiting access to Western capital markets.
Wednesday, 2 March, 2016