February 7, 2020 / 1:19 PM / 15 days ago

Russia considering $1 bln loan to Nornickel for Arctic project - Ifax

MOSCOW, Feb 7 (Reuters) - The Russian government is considering spending $1 billion from its sovereign wealth fund on a loan to mining giant Norilsk Nickel for its Arctic Palladium project, the Interfax news agency cited a source as saying on Friday.

The Arctic Palladium project is Nornickel’s joint venture with Russian businessman Musa Bazhaev. (Reporting by Anton Kolodyazhnyy, Writing by Alexander Marrow, Editing by Maria Kiselyova)

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