Russia's largest independent oil producer Lukoil has asked banks for a new pre-export finance loan which will test bank appetite for lending to Russia, banking sources said on Friday.
Ukraine's Energy Challenge
Reuters: Russia’s Lukoil asks banks for pre-export loan
Russia's President Vladimir Putin (L) poses for a photo with Russian oil giant LUKoil president, Vagit Alikperov, during an awarding ceremony in the Kremlin in Moscow, on July 31, 2014. A defiant Russia said yesterday that Western sanctions over Ukraine would backfire on the United States and lead to energy price hikes in Europe after Brussels and Washington unveiled the toughest punitive measures against Moscow since the Cold War.
