Loans worth 700 million euro for the energy sector blocked

The ongoing financial crisis has led to 700 million euro in loans being halted for the energy sectors, although some of the credits were approved several months ago. Major lenders, such as EBRD and UniCredit placed syndicated loans on stand-by, without justifying this to companies involved, Business Standard daily reports on Wednesday.'In the energy field, loans totaling 700 million euro have been placed on stand-by. The Turceni and Rovinari energy complexes and state-owned electricity ...

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