Japan to lend to sanctioned Russian bank to push island talks - Nikkei


  • World
  • Saturday, 22 Oct 2016

TOKYO (Reuters) - State-backed Japan Bank for International Cooperation [JBIC.UL] will lend about 4 billion yen ($39 million) to Russia's Sberbank, which is subject to Western sanctions, in the hope of advancing talks on a territorial dispute, the Nikkei business daily said on Saturday.

Sberbank, Russia's biggest bank, will use the yen-denominated loan to help a company operating the port of Vostochny in the Russian Far East to buy coal-handling equipment.

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