Financial assistance: People walk in front of the logo of Gazprom at a forum on energy efficiency in Moscow. Mizuho Bank and SMBC are in talks to finalise a loan deal for Gazprom during Russian President Vladimir Putin’s visit to Japan on Dec 15-16. — EPA
TOKYO: Japan’s Mizuho Bank Ltd and Sumitomo Mitsui Banking Corp (SMBC) are working on a deal to provide 800 million euros (US$845mil) in loans to Russian gas giant Gazprom, people familiar with the matter said, less than two weeks before Japanese Prime Minister Shinzo Abe meets Russian President Vladimir Putin.
The banks are in talks to finalise the deal during Putin’s visit to Japan on Dec 15-16 for discussions on a decades-old territorial row and economic cooperation, said the people, who were not authorised to discuss the matter publicly. JPMorgan Chase & Co is also likely to participate in the deal, the people said.
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