Japan Considering Up to 1 Trillion Yen Aid to Russia in Pipeline Bid

Japan is considering extending up to 1 trln yen in aid to Russia to help finance a pipeline from Siberian oil fields if Moscow gives Tokyo preference over Beijing in the project, the Tokyo Shimbun reported.

The bulk of the sum being considered — between 900 bln yen and 1 trln yen — would be in the form of low-interest loans and trade insurance, the newspaper said.

It would be one of Japan’s biggest amounts of aid to the overseas oil sector, the regional daily said, adding Japan was motivated by energy security.
Forbes