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EBRD To Double Lending In Russia In 2006

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.


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