Silk Road makes it to "Yamal LNG".

Novatek sells stake in project to a Chinese fund.

According to "the Kommersant", Novatek of Leonid Michelson and Gennady Timchenko almost reached an agreement with a Chinese investment fund for the sale of 9.9% in the largest export LNG project "Yamal LNG". According to one source of "the Kommersant", the Silk Road Foundation buys stake in the project, and the cost of the package, according to analysts, is about $ 900 million, taking into account compensation for costs incurred. But after the introduction of sanctions against Novatek closing its access to Western credits, importantly, allows the entry of the investment fund in the near future to complete the formation of project financing for "Yamal LNG" with the participation of banks in China.

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