Italy export credit agency may insure $567 million Russian Arctic LNG plant loan, say sources
Some EU lawmakers are fighting the move, saying it is not compatible with the bloc's climate targets.
ROME — Italy’s SACE may insure a loan of around 500 million euros ($567 million) for Novatek’s Arctic LNG 2, two sources close to the matter told Reuters, amid calls by green EU lawmakers for export credit agencies not to support the $21 billion project.
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