China had role in Yukos split-up

[NNN0LHI]

http://news.bbc.co.uk/1/hi/business/4226407.stm

China lent Russia $6bn (£3.2bn) to help the Russian government renationalise the key Yuganskneftegas unit of oil group Yukos, it has been revealed.

The Kremlin said on Tuesday that the $6bn which Russian state bank VEB lent state-owned Rosneft to help buy Yugansk in turn came from Chinese banks.

The revelation came as the Russian government said Rosneft had signed a long-term oil supply deal with China.

The deal sees Rosneft receive $6bn in credits from China's CNPC.

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[leveymg]

1. Accomplice after the fact, I'd say. Misleading headline? Lots of topspin

Chinese financing came on the heals of Putin's breakup of the company.

Not exactly a new Sino-Soviet Pact.

[yinkaafrica]

2. Once again, China zooms in on the oil

China is learning the game a little too well.

[leveymg]

3. What did Dillinger say about banks?