China’s state-owned credit firm
Sinosure signed a deal in April to provide
Ukraine’s state energy company Naftogaz
with $1 billion in insurance coverage,
which would enable the company to raise
debt financing. In the first step under the
new policy, Naftogaz will borrow about
$160 million to fund current contracts with
Chinese companies, with an additional
$800 million waiting for the company for
future projects.
“This insurance coverage from
Sinosure does not require a sovereign
guarantee, which means that Naftogaz will
not rely on Ukraine’s state budget in......
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