Russian Pipeline Monopoly in Legal Dispute with China
Following an impasse in negotiations between state-owned Russian pipeline monopoly Transneft and China Development Bank, Transneft is willing to repay early its $10 billion, 20-year loan from the China Development Bank if it has to file a suit in a London court against China over the price of oil it has already supplied.
Speaking on condition of anonymity, a Russian source intimately involved in the discussions said, "During the negotiations it was noted that the agreement on supplies of Russian oil to China is still being unilaterally violated by the Chinese. The oil supplied is not being paid for in full.
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Speaking on condition of anonymity, a Russian source intimately involved in the discussions said, "During the negotiations it was noted that the agreement on supplies of Russian oil to China is still being unilaterally violated by the Chinese. The oil supplied is not being paid for in full.
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