Gazprom and the French bank, Credit Agricole Corporate & Investment Bank (Credit Agricole CIB) signed a five-year €600 million loan agreement, Gazprom announced late on Thursday.
The company said the agreement was Gazprom's second to secure financing directly from Credit Agricole CIB. The first agreement was signed in March 2017 for €700 million.
According to Gazprom, the strategy of Credit Agricole CIB in Russia is to cooperate with leading Russian and multinational companies.
In Russia, Credit Agricole CIB AO, registered in St. Petersburg in 1991, represents Credit Agricole CIB.
Gazprom has been cooperating with the Credit Agricole Group since 1995.
The Credit Agricole Group participated in many of Gazprom’s financial operations including deals aimed at securing corporate and project financing as well as transactions with the Gazprom Group's Eurobonds in capital markets.
By Murat Temizer
Anadolu Agency
energy@aa.com.tr