Russian prestige project gets billion-dollar subsidies
In an effort to protect the large-scale Yamal LNG project in the Arctic against western sanctions, the project now receives USD 2.1 billion in subsidies from Russia's National Welfare Fund, according to several media.
BY KATRINE GRØNVALD RAUN
The Russian government has approved an application from Russian Novatek concerning subsidies for the billion-dollar Yamal LNG project in the Arctic, according to several news media, reporting that the project has been granted 150 billion rubles, corresponding to USD 2.1 billion, from the National Welfare Fund.
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