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EBRD To Double Lending In Russia In 2006


http://gdb.rferl.org/592C7807-4AC7-402C-A559-ED5247329C64_w203.jpg --> http://gdb.rferl.org/592C7807-4AC7-402C-A559-ED5247329C64_mw800_mh600.jpg The EBRD has postponed a decision to fund the Sakhalin-2 gas project (in picture) due to political uncertainties over the role of Shell. (ITAR-TASS) October 13, 2006 -- The European Bank for Reconstruction and Development says it will double lending to Russia to $2.5 billion dollars this year.


The bank has already signed off on $1.25 billion in lending this year and is taking part in projects in Russia's financial, energy, and infrastructure sectors.


(AFP)

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