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Turkey Nears Landmark LNG Loan in Shift From Russian Natural Gas

  • Talks with Deutsche Bank for 1 billion-euro loan nearing end
  • Deal size is tiny for Turkey’s needs but will set precedent

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Turkey and Deutsche Bank AG are in the final stages of talks for a pioneering 1 billion-euro ($1.1 billion) loan to finance liquefied natural gas purchases that will reduce the country’s reliance on Russian imports.