EBRD drops work on loan for Sakhalin-2

Author (Person)
Series Title
Series Details 12.1.07
Publication Date 12/01/2007
Content Type

The European Bank for Reconstruction and Development has abandoned work on a $300m loan for the controversial $20bn Sakhalin-2 energy project in Russia's far east, January 2007, following the scheme's de facto nationalisation by Rusia.

Related Links
EBRD: Press Release, 11.1.07: EBRD no longer considers current financing package for Sakhalin II http://www.ebrd.com/pages/news/press/2007/070111r.shtml
BBC News, 12.1.07: Bank withdraws Sakhalin support http://news.bbc.co.uk/1/hi/business/6254475.stm

Countries / Regions