Russia and China tomorrow to resume negotiations on a loan for $ 25 billion Negotiations with the Chinese side will take active phase on Wednesday – will come to Moscow by representatives of the Chinese Development Bank and the company CNPC , – said press secretary Transneft Igor Demin.The Chinese side has notified the Russian company that, until the New Year will announce a decision on the loan, said Demin.Napomnim that in October Russia and China tentatively agreed on annual shipments to 15 million tons of oil to China in 20 years by a special branch of East oil and discussed the possibility of lending to China Rosneft and Transneft amounting to 25 billion dollars. However, in mid-November, the Russian delegation suspended the talks because of the new conditions put forward by Beijing. The Chinese side offered to provide funds under the LIBOR +5%, that is, as the bank loan, although previously agreed to take the money at 7% per annum. Floating rate instead of fixed-rate Russian side does not ustroil.Krome of Beijing demanded repeated assurances that kredita.V late October Transneft and CNPC signed an agreement to build a branch pipeline to China from VSTO (project cost $ 600 million), oil which will be carried out Rosneft . Transneft planned to obtain from the Chinese loan for $ 10 billion for a period of not less than ten years and with interest rate no higher than 7%, or preferably lower as the cost of servicing the loan will be included in the tariff for the supply of oil. The money would have to go to investprogrammu monopolii.Kitaysky loan for $ 15 billion would help out and Rosneft : July 1, its net debt stood at $ 21.4 billion, of which $ 13.4 billion – short zaymy.Peregovory should have been completed before the end of November, but the parties are still consulting on the parameters of credit.
