Gazprom Grants $73.5M In Loans To Sibur

Gazprom executives decided to release RUR2.2bn (about $73.5m) in loans to the Siberian-Ural Petrochemical and Gas Company (Sibur) in order to clear the debt of its subsidiary, which fell due today, December 3. According to Natalia Selivanova, spokesperson for the head of Gazprom, this amount of money will be granted to Sibur under the security of its liquid assets. Information about the term of the loan is not available so far.