• Kyodo

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Sumitomo Mitsui Banking Corp., Mizuho Bank and other banks are making final arrangements to jointly extend some ¥95 billion ($831 million) in loans to Russia’s state-run gas firm Gazprom, sources close to the matter said Monday.

A contract is expected to be concluded during Russian President Vladimir Putin’s visit to Japan on Dec. 15 and 16 to hold talks with Prime Minister Shinzo Abe, the sources said.

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