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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Russia, China to resume $25 billion loan talks AP - 50 minutes ago MOSCOW - Russia will resume talks with China within days to secure $25 billion in loans for cash-strapped energy companies in exchange for long-term crude oil deliveries, a news agency reported Tuesday. Talks on the loan had reportedly broken down last week after disagreements over interest rates and state guarantees. "I think the talks will resume soon _ in the next few days, even next week," Russian Energy Minister Sergei Shmatko said on Tuesday from the northern province of Yamal Nenets, according to the ITAR-Tass news agency. China is considering lending $15 billion to Rosneft, Russia's state-owned oil major, and US$10 billion to pipeline monopoly Transneft as the Russian companies find it tougher to access funding amid tough global conditions and plunging oil prices. As part of a broader deal, Russia promised to guarantee annual oil supply of 15 million tons (300,000 barrels per day) for 20 years to its energy-hungry southern neighbor. Russian crude would be supplied through a long-delayed pipeline project signed off during Chinese Premier Wen Jiabao's visit to Moscow last month. The pipeline, which extends from western Siberia to the Pacific coast, is to be linked to China from the Siberian city of Skovorodino, 70 kilometers (44 miles) north of the Sino-Russian border. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Russia, China to resume $25 billion loan talksAP - 54 minutes ago Banks lead European markets downAP - 56 minutes ago Japan faces year of recession, US automakers plead for bailoutAFP - 2 hours 20 minutes ago China oil demand weakens due to global crisisAP - 2 hours 34 minutes ago Related Articles: Business Congress set to question Paulson, BernankeAP - 21 minutes ago Wood Group unit wins Abu Dhabi clean energy dealReuters - 24 minutes ago Bank woes knock European stocks to 3-week lowReuters - 24 minutes ago easyJet board row escalates as earnings fallAP - 25 minutes ago Banking turmoil, commods drag FTSE 1.6 pct lowerReuters - 28 minutes ago Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Citigroup to slash 50,000 jobs, expenses worldwide Exercise, sleep cuts cancer risk: study Obama and McCain pledge 'new era of reform' Earth would be heading to a freeze without CO2 emissions Prince Charles wants to speak out as king: biographer View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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