Russia Says Greece May Borrow Using Its Gas-Transit Guarantee
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Russia’s guarantee to deliver gas for the European market through Greece in five years would help the debt-burdened Greek economy to get new loans, according to Moscow-based OAO Gazprom.
The state-run gas company will guarantee to ship as much as 47 billion cubic meters of fuel per year after Greece joins a proposed gas-pipeline project, Alexey Miller, Gazprom chief executive officer, said Tuesday. That deal may help the country, which is struggling with a debt crisis, in getting “an external funding for other projects,” he said in a statement after meeting Greek Prime Minister Alexis Tsipras in Athens.