Russia and France managed to find a way to Finance the Yamal LNG project to French banks

Moscow. On 25 January. The Ministry of economic development of the Russian Federation and France managed to find a safe for French banks a means of financing the project “Yamal LNG”, said the Minister of economy of the Russian Federation Alexei Ulyukayev.

During a joint press conference with the Minister of economy, industry and digital technology, France Emmanuel Macro after the meeting CEFIC Ulyukayev said that the parties discussed the project “Yamal LNG”.

“The center of attention was the question of project financing from the French banks and the possibility of arranging financing in such a way to fulfill their financial obligations under the project and to protect against possible sanctions,” he said.

Answering the question whether during the meeting to find the way, the Minister said: “We believe so”.

Macro at the press conference, said that Paris hopes for the abolition of sanctions against Russia after the implementation of the Minsk agreements. According to him, France is seeking to develop economic ties with Russia regardless of the political context.

In turn, the speaker stated that he had not discussed the matter with my colleague, but am grateful to France for its position on this issue.